On September 29, Moody’s Investors Services issued an affirmation of Avita Health System’s MIG1, which applies to over 86 million dollars in notes. As their release shares, it was issued in light of a commitment of the United States Department of Agriculture to provide a loan to cover this amount on substantial completion of Avita’s current project, the construction of a 26 bed acute care hospital at Richland Mall in Ontario.

Identified risk factors were limited to construction delays or unanticipated cost overruns. That shared, the affirmation was based on the low risk of project non-completion, given Avita’s cashflow and investment position.

The release from Moody’s can be accessed here.

Send us your news — of an announcement, event,
club news, fundraiser – whatever! It’s easy to do online.

Become a 1812Blockhouse Newsroom Member, support independent media in Richland County, and get access to the new Super Richland! Details here.

Leave a Reply

You May Also Like

Gorman-Rupp Reports Financial Results; Declares Dividend

The Gorman-Rupp Company has reported financial results for the second quarter and…

David’s Bridal In Ontario Reportedly Closing

Several social media posts Sunday evening shared the news that David’s Bridal…

Two Mansfield Buildings Awarded Ohio Preservation Tax Credits

Two of these structures are in downtown Mansfield, both owned by Mechanics Bank.

Carousel Works Restoring Historic South Dakota Carousel

Years ago, carousels were often made to be taken apart and moved…