Aspen hospital earns good financial rating |

Aspen hospital earns good financial rating

Aspen Times Staff Report
Aspen, CO Colorado

ASPEN ” Aspen Valley Hospital received a good grade from the analysts at Moody’s Investors Service, which recently affirmed a “Baa3” type rating for the hospital’s $12 million of outstanding debt.

The outlook for investors in AVH bonds was identified as “stable” and reflecting the “strong financial performance and absolute and relative liquidity levels at AVH, tempered by the substantial long-term capital plans remaining,” according to a statement issued by AVH on Tuesday.

The hospital is pursuing a master facilities plan, now under the city of Aspen’s review process.

“We are extremely pleased with the Baa3 rating,” said Terry Collins, chief financial officer. “A number of hospitals have had their rating downgraded this year, in part due to the impacts of a general economic slump. Fortunately, we have been able to preserve cash, manage expenses, and thereby maintain our investment-grade rating.”

Support Local Journalism

Support Local Journalism

Readers around Aspen and Snowmass Village make the Aspen Times’ work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Each donation will be used exclusively for the development and creation of increased news coverage.


Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User