Nonprofit hospital bonds are being issued at the fastest pace since at least 2012 as concerns over the Affordable Care Act have largely faded, according to an article on the Bloomberg website.
As of Sept. 16, nonprofit hospitals in the U.S. have issued $18 billion of municipal bonds this year, already surpassing 2013’s and 2014’s annual totals.
As the Affordable Care Act began official implantation in 2013, hospitals slowed capital investment. As a result, issuance fell 40 percent to $16 billion in 2013 from $27 billion in 2012.
The two biggest credit graders — Standard &Poor’s and Moody’s Investors Service — lifted their negative outlooks for nonprofit health-care bonds in the past few weeks, citing positive impacts from health-care reform.
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