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KBRA Assigns BBB+ Rating and Stable Outlook to Truman Medical Center, Kansas City, Missouri's issuance of Pass-Through Certificates Series 2017
[July 06, 2018]

KBRA Assigns BBB+ Rating and Stable Outlook to Truman Medical Center, Kansas City, Missouri's issuance of Pass-Through Certificates Series 2017


On June 29, 2018, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of BBB+ with a Stable outlook to the Pass-Through Certificates Series 2017 Evidencing Proportionate Ownership Interest in Health and Educational Facilities Authority of the State of Missouri Health Facilities Revenue Note (Truman Medical Center, Inc.), Series 2017B.





Ratings

Issuer: TMC (News - Alert) Custodial Account, LLC

Underlying Issuer: Health and Educational Facilities Authority of the State of Missouri

Underlying Obligor: Truman Medical Center, Incorporated

Series/Bond     Rating     Outlook     Action

Pass-Through Certificates Series 2017

           

Evidencing Proportionate Ownership Interest in Health and Educational Facilities Authority of the State of Missouri Health Facilities Revenue Note

BBB+ Stable Assigned

(Truman Medical Center, Inc.), Series 2017B

                 
 

The rating is based on KBRA's U.S. Not-For-Profit Healthcare Rating Methodology and elements of KBRA's General Property Tax/Assessment Revenue Methodology. KBRA's rating evaluation focuses on the following:

  • Market Position and Operations
  • Governance and Management
  • Financial Performance
  • Debt Leverage and Liquidity
  • Security Provisions
  • Nature of Property Tax/Assessment Revenue Base
  • Debt Service Coverage and Bond Structure

Click here for the full report.

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About KBRA and KBRA Europe

KBRA is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.


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