A proposed merger between two large nonprofit healthcare systems is a credit positive for the nonprofit healthcare sector, Moody’s Investors Service says.

On Oct. 17 Trinity Health Credit Group and Catholic Health East signed a non-binding letter of intent to merge. Trinity, rated Aa2 with a stable outlook, is the fifth-largest multistate nonprofit health system by operating revenue. Catholic Health East, A2 with a stable outlook, is the eighth-largest nonprofit health system.

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.