West Penn Allegheny Health System, PA 'B+' Bond Rating Affirmed Pending Approval of Highmark Inc. Affiliation Nov 11
- ID: 1952900
- November 2011
- Standard & Poors
NNEW YORK (Standard & Poor's) Nov. 15, 2011--Standard & Poor's Ratings Services has affirmed its 'B+' rating on $737 million series 2007A fixed-rate bonds issued by the Allegheny County Hospital Development Authority for West Penn Allegheny Health System (WPAHS). The outlook remains developing until an affiliation agreement with Highmark Inc. (A/Stable) receives all necessary regulatory approvals, at which time we will likely change the outlook to positive. Highmark is the dominant insurer in western Pennsylvania. "The developing outlook reflects our opinion that the rating and outlook could either improve or deteriorate over the next 12 months," said Standard & Poor's credit analyst Cynthia Keller Macdonald. "A positive outlook is likely once the parties receive all approvals and the affiliation agreement...
Companies mentioned in this report are: West Penn Allegheny Hlth Sys,Allegheny Cnty Hosp Dev Auth,Highmark Inc. d/b/a Highmark BCBS & Highmark Blue Shield
Action: Outlook: Developing
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