Standard and Poor’s Global Ratings Makes Positive Upgrades to Hackensack Meridian Health Entities

NEPTUNE, N.J., Aug. 1, 2016 /PRNewswire-USNewswire/ — Hackensack Meridian Health is pleased to report that Standard & Poor’s Global Ratings has made several positive upgrades to the bond ratings of Hackensack Meridian Health entities. Legacy Meridian Health System has been upgraded from an ‘A’ to an ‘A+’ on its fixed rate bonds with an outlook of stable. Hackensack University Medical Center has been upgraded from ‘A-‘ to ‘A+’, also with an outlook of stable. In addition Standard & Poor’s Ratings Services raised its rating on bonds issued for Palisades Medical Center to ‘A-‘ from ‘BBB-‘, also with a stable outlook. The upgrade on Palisades reflects three notches of group support provided by the ‘A+’ ratings of HackensackUMC and Meridian Health.

Visit PRNEWSWIRE.COM to read the full article.