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Pella Regional Earns BBB- Credit Rating By Fitch Group
Posted By News On July 5, 2011 @ 6:21 am In Today’s Local News | Comments Disabled
The Fitch Group, one of the “Big Three” credit ratings agencies also including Moody’s and S&P, has just given Pella Regional Health Center its BBB- long term credit rating for its $46.7 million in revenue bonds and also determined that rating outlook is stable.
The BBB- designation is for medium class companies viewed as satisfactory at the moment.
The review highlighted the facility’s designation as a Critical Access Hospital, which the agency believes means health operating profitability in the future.
The ratings are important in providing government entities information about the financial standing of a particular institution.
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