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Moody's rates Charleston Medical Center bonds Aaa/VMIG1
Moody's Investors Service said it assigned an Aaa/VMIG1 rating to the West Virginia Hospital Finance Authority's $127.335 million 2008 series A variable-rate revenue bonds issued for Charleston Area Medical Center, Inc.
The expected sale date was June 19.
The rating is based on a letter of credit from Branch Banking & Trust Co., rated Aa2 for long-term obligations and Prime-1 for short-term obligations. Moody's maintains an underlying rating of A2 on Charleston Area Medical Center.
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