Fitch Rates New York and Presbyterian Hospital 2016 Taxable Revs 'AA'; Affirms Outstanding
Fitch Ratings has assigned an 'AA' rating to the expected issuance of $850 million of The New York and Presbyterian Hospital (NYP) taxable bonds, series 2016). In addition, Fitch also affirms the 'AA' rating on $750 million of NYP series 2015.
The Rating Outlook is Stable.
The $850 million of taxable bonds will be issued as fixed-rate and be structured as a bullet maturity. The maturity terms are still to be determined. Proceeds from the bonds are for general corporate purposes, but ...