CHICAGO — Illinois’ new rules governing how much charity care and other community benefits not-for-profit hospitals must provide to keep their property tax exemptions is a positive for the sector’s credit health, Moody’s Investors Service said Wednesday.

Gov. Pat Quinn earlier this month signed a sweeping Medicaid restructuring that included legislation laying out what types of care count towards the charity care standard and how much must be provided for hospitals to preserve their tax-exempt perks on property and sales taxes.

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.