NEW YORK - Moody's Investors Service said it has assigned an A2 rating to Virginia Hospital Center's (VHC) $143 million of Series 2010 fixed rate bonds to be issued by the Arlington County Industrial Development Authority.
The outlook has been revised to positive from stable following continued improving operating performance and the signing of a new contract with Kaiser Permanente that will bring additional inpatient volume and revenue to the hospital.
Issuance continues to drive performance in the muni market. Despite Friday's run-up in USTs, muni yields adjusted "less dramatically," said Ajay Thomas, head of public finance at FHN Financial.
"I would say we were pleasantly surprised that there aren't mandates that are laced in this proposal," GFOA's Emily Brock said.
Illinois Comptroller Susana Mendoza announced her candidacy for mayor of Chicago last week, pledging "to respect the taxpayer dollar and stretch its value."
The developer faces no penalties from the missed interest payment.
The House Appropriations Committee approved the fiscal year 2027 Transportation, Housing and Urban Development and Related Agencies last week by a vote of 34 to 27.
The $1.2 billion deal, issued by the California Community Choice Financing Authority and underwritten by Goldman Sachs, saw Alphabet as its funding recipient.
