Fitch gives F1+ to Partners HealthCare, Mass., revenue bonds

Fitch Ratings said it assigned a short-term rating of F1+ to $150 million of Partners HealthCare System revenue bonds issued by the Massachusetts Health and Educational Facilities Authority. The bonds will be converted from auction-rate to variable-rate demand bonds backed by self-liquidity.

The rating applies to $71 million of revenue bonds, series 2003D-1, and $79 million of revenue bonds, series 2003D-2.

Fitch also said it affirmed its AA long-term rating on all of the system's outstanding debt and its F1+ rating on about $34.5 million of the system's debt that is backed by self-liquidity.

The outlook is stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.