UMass Memorial Health Care, Inc., based in Worcester, Massachusetts, recently confirmed a data breach stemming from a data security incident involving an employee’s email account. While.
Wall Street ratings agency Fitch Ratings of New York has affirmed Umass Memorial Health Care, Inc. of Worcester is a healthy organization in a stable financial position, according to a Wednesday report.
The report is designed for potential investors looking at buying bonds issued by UMass Memorial, or make other investments in the $2.5-billion organization. The credit rating firm affirmed the healthcare provider’s A- Issuer Default Rating and, secondarily, also affirmed an A- bond rating.
“The affirmation of the IDR and the bond rating at ‘A-’ is based on UMass’s market position as a provider of high acuity services to a large area with a leading market share and a relatively moderate debt load, which is significantly front loaded, providing additional credit flexibility,” Fitch wrote in its report.