Meridian Health System, NJ Series 2011 And 2013A Bond Rating Revised To #AA-# From #A+#

Stocks and Financial Services Press Releases Thursday April 26, 2018 09:54
NEW YORK--26 Apr--S&P Global Ratings

NEW YORK (S&P Global Ratings) April 25, 2018--S&P Global Ratings has corrected by raising its long-term rating to 'AA-' from 'A+' on New Jersey Health Care Facilities Financing Authority, N.J.'s series 2011 and 2013A bonds, issued for Meridian Health System. The outlook is stable.

On April 6, 2018, we raised the long-term rating on Hackensack Meridian Health correctly, but did not simultaneously upgrade Meridian Health System's legacy debt. The rating on Meridian Health System should be equal to the rating on Hackensack Meridian Health because Hackensack Meridian Health secured Meridian Health System's series 2011 and 2013A bonds under its 2017 master trust indenture.

Certain terms used in this report, particularly certain adjectives used to express our view on rating relevant factors, have specific meanings ascribed to them in our criteria, and should therefore be read in conjunction with such criteria. Please see Ratings Criteria at www.standardandpoors.com for further information. Complete ratings information is available to subscribers of RatingsDirect at www.capitaliq.com. All ratings affected by this rating action can be found on the S&P Global Ratings' public website at www.standardandpoors.com. Use the Ratings search box located in the left column.


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