Standard & Poor's Ratings Services said it raised its long-term rating and underlying rating to AA-minus from A on North Carolina Medical Care Commission's $35.41 million series 2004A and $37.84 million series 2011A bonds, issued for Cleveland County HealthCare System (CCHS), due to guarantee agreements with Charlotte-Mecklenburg Hospital Authority (CMHA), effective March 11, 2013.

The guarantees are unconditional, parity instruments on par with CMHA's other rated debt. CMHA, which does business as Carolinas HealthCare System (CHS), is currently rated AA-minus/stable.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.