Mother Frances Bond Rating Upgraded
Posted/updated on: October 3, 2012 at 4:56 pm
TYLER – Mother Frances Hospital Regional Health Care Center, a part of Trinity Mother Frances Health System, has received an increased bond rating from Fitch Ratings, Inc., an international financial ratings firm. According to Health System officials, the increase from a BBB rating to a BBB+ is based on numerous factors including a stable rating outlook and rapidly growing utilization of health system facilities. Moody’s Investor Services recently reaffirmed its Baa1 rating with a stable outlook for Mother Frances, a rating comparable to Fitch’s BBB+. “We are very pleased that these two well-respected agencies gave us their vote of confidence,” said Joyce Hester, CPA, chief financial officer, Trinity Mother Frances Health System. “Bond ratings are important and an indication of the overall health of a company.”
