Credit Rating Report

Ottawa Hospital, The: Rating Report

Hospitals

Summary

On June 13, 2024, DBRS Limited (Morningstar DBRS) upgraded its credit rating on The Ottawa Hospital's (TOH or the Hospital) Series A Senior Unsecured Debentures (the Series A Debentures) to AA from AA (low). The upgrade reflects Morningstar DBRS’ recent credit rating upgrade (dated June 6, 2024) on the long-term ratings of the Province of Ontario (Ontario or the Province; rated AA with a Stable trend by Morningstar DBRS). Morningstar DBRS changed the trend on the Series A Debentures to Stable from Positive following the upgrade. The credit rating on the Series A Debentures also reflects TOH's strong operational and financial links to the Province and the absence of material weaknesses in the Hospital’s governance, operating outlook, leverage, and financial strength.

Ratings

Ottawa Hospital, The
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating