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.

© 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.