Moody's raises Hawaii Pacific Health's bond rating
Hawai'i Pacific Health's bond rating has been raised by Moody's Investors Service because of improving financial performance
Hawai'i Pacific, the state's largest healthcare provider through four hospitals, said Moody's raised its rating to A3, Moody's seventh-highest rating for long-term debt. It had been at Baa1, or the eighth highest.
The non-profit healthcare provider said the upgrade was the result of four years of improving operating performance and resolution of several debt structure issues.
Hawai'i Pacific's operations include Kapi'olani Medical Center for Women & Children, Kapi'olani Medical Center at Pali Momi, Straub Clinic & Hospital and Wilcox Memorial Hospital.