Bond Markets news and information

The Mayo Clinic entered the taxable public debt market for the first time last week and borrowed $300 million at a cost comparable to tax-exempt bonds but with less hassle.
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Hospitals are doling out a dose of bitter medicine in the form of riskier bonds. Investors hungry for higher yields are clamoring for the bonds issued by hospitals and other healthcare facilities.
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Not-for-profit hospitals that borrow in the municipal-bond market would face new oversight by the Securities and Exchange Commission under proposals released by securities regulators.
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The cooling economy continued to put a drag on not-for-profit hospitals as spring turned to summer. Between April and June, the sector saw more rating volatility, and Moody's Investors Service downgraded more debt than it upgraded, according to a report released last week.
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Underwriters, which bring municipal bonds to the market, will be required to divulge their possible conflicts of interest and disclose the potential risks of complex debt deals that were volatile and costly for borrowers during the credit crisis under a new interpretation of muni market rules.
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Hospitals last year turned to direct bank loans to limit risk from another short-term vehicle to finance capital spending, known as variable-rate demand bonds. Now, the body that oversees transparency in the...
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Welcome to Advance Notice, Modern Healthcare's preview of news for the week ahead.
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New accounting standards that reclassify hospitals’ bad debt won’t affect not-for-profit bond ratings, though they will change some financial ratios compiled and reported by Standard & Poor’s, the ratings agency announced in a new report.
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West Penn Allegheny Health System's credit rating was downgraded today by Fitch Ratings on a "significant deterioration in operating performance" at the struggling five-hospital network.
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Europe's debt crisis has roiled stock markets this year and that turmoil left its mark on not-for-profit hospital financial statements in September. But the far-reaching consequences of European distress concern some outstanding hospital bonds as well.
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