UMass Memorial Outlook Revised to Positive by S&P

Standard & Poor’s last week revised its rating outlook to positive from stable on Massachusetts Health and Educational Facilities Authority debt issued for UMass Memorial Medical Center, part of UMass Memorial Health Care Inc.

The agency also affirmed its BBB rating on MassHEFA’s $185.1 million Series 2001C and 2005D bonds, and its BBB underlying rating on the $61 million Series 1998A bonds, issued for UMass Memorial.

The outlook revision reflects steady financial improvement and UMass Memorial’s role in providing health care to central Massachusetts, analysts said.

 

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