ֳ

Credit Summary

Salem Hospital (OR)

EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)

ESG Relevance
1
2
3
4
5

01Ratings

RatingActionDateType
AA-Review - No Action14-Mar-2025Long Term Issuer Default Rating
Key Rating Factors
Revenue Defensibility bbb
Operating Risk a
Financial Profile aa
Ratings KeyOutlookWatch
Positive
Negative
Evolving
Stable 

* Ratings displayed in orange denotes EU or UK Unsolicited and Non-Participatory Ratings

Where there was a review with no rating action (Review – No Action), please refer to the “Latest Rating Action Commentary” for an explanation of key rating drivers

*Premium Content is displayed in ֳ Red

Rating History

Date :14-Mar-202526-Mar-202408-Dec-202311-Jan-202320-Jan-202211-Mar-202113-Aug-202007-Oct-201920-Feb-201901-Mar-2018
Rating :AA-AA-AA-AA-AA-AA-AA-AA-AA-AA-
Action :Review - No ActionAffirmedReview - No ActionAffirmedReview - No ActionAffirmedReview - No ActionAffirmedAffirmedNew Rating

02Rating Actions

03Insights

04Securities and Obligations

Ratings
Rated Entity / Debt  
Ratings  
Entity Details  
Identifiers  
Other Details  
Security: Salem Hospital (OR) / General Revenues
Issuer: Salem Hospital Facility Authority (OR)
Bond: (Salem Hospital Projects) rev bonds ser 2019A
Series: 2019A
14-Mar-2025
AA-
Review - No Action
Long Term Rating

14-Mar-2025
AA-
Review - No Action
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance; Healthcare and Pharma
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 794458FU8 (Public)
Maturity Date: 15-May-2039
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA-
Security: Salem Hospital (OR) / General Revenues
Issuer: Salem Hospital Facility Authority (OR)
Bond: (Salem Hospital Projects) rev bonds ser 2019A
Series: 2019A
14-Mar-2025
AA-
Review - No Action
Long Term Rating

14-Mar-2025
AA-
Review - No Action
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance; Healthcare and Pharma
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 794458FK0 (Public)
Maturity Date: 15-May-2030
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA-
Security: Salem Hospital (OR) / General Revenues
Issuer: Salem Hospital Facility Authority (OR)
Bond: (Salem Hospital Projects) rev bonds ser 2019A
Series: 2019A
14-Mar-2025
AA-
Review - No Action
Long Term Rating

14-Mar-2025
AA-
Review - No Action
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance; Healthcare and Pharma
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 794458FS3 (Public)
Maturity Date: 15-May-2037
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA-
Security: Salem Hospital (OR) / General Revenues
Issuer: Salem Hospital Facility Authority (OR)
Bond: (Salem Hospital Projects) rev bonds ser 2019A
Series: 2019A
14-Mar-2025
AA-
Review - No Action
Long Term Rating

14-Mar-2025
AA-
Review - No Action
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance; Healthcare and Pharma
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 794458FL8 (Public)
Maturity Date: 15-May-2031
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA-
Security: Salem Hospital (OR) / General Revenues
Issuer: Salem Hospital Facility Authority (OR)
Bond: (Salem Hospital Projects) rev bonds ser 2019A
Series: 2019A
14-Mar-2025
AA-
Review - No Action
Long Term Rating

14-Mar-2025
AA-
Review - No Action
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance; Healthcare and Pharma
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 794458FQ7 (Public)
Maturity Date: 15-May-2035
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA-
Security: Salem Hospital (OR) / General Revenues
Issuer: Salem Hospital Facility Authority (OR)
Bond: (Salem Hospital Projects) rev bonds ser 2019A
Series: 2019A
14-Mar-2025
AA-
Review - No Action
Long Term Rating

14-Mar-2025
AA-
Review - No Action
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance; Healthcare and Pharma
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 794458FX2 (Public)
Maturity Date: 15-May-2049
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA-
Security: Salem Hospital (OR) / General Revenues
Issuer: Salem Hospital Facility Authority (OR)
Bond: (Salem Hospital Projects) rev bonds ser 2019A
Series: 2019A
14-Mar-2025
AA-
Review - No Action
Long Term Rating

14-Mar-2025
AA-
Review - No Action
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance; Healthcare and Pharma
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 794458FF1 (Public)
Maturity Date: 15-May-2026
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA-
Security: Salem Hospital (OR) / General Revenues
Issuer: Salem Hospital Facility Authority (OR)
Bond: (Salem Hospital Projects) rev bonds ser 2019A
Series: 2019A
14-Mar-2025
AA-
Review - No Action
Long Term Rating

14-Mar-2025
AA-
Review - No Action
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance; Healthcare and Pharma
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 794458FN4 (Public)
Maturity Date: 15-May-2033
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA-
Security: Salem Hospital (OR) / General Revenues
Issuer: Salem Hospital Facility Authority (OR)
Bond: (Salem Hospital Projects) rev bonds ser 2019A
Series: 2019A
14-Mar-2025
AA-
Review - No Action
Long Term Rating

14-Mar-2025
AA-
Review - No Action
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance; Healthcare and Pharma
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 794458FM6 (Public)
Maturity Date: 15-May-2032
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA-
Security: Salem Hospital (OR) / General Revenues
Issuer: Salem Hospital Facility Authority (OR)
Bond: (Salem Hospital Projects) rev bonds ser 2019A
Series: 2019A
14-Mar-2025
AA-
Review - No Action
Long Term Rating

14-Mar-2025
AA-
Review - No Action
Unenhanced Long Term Rating

Rating History
Country: United States
Sectors: US Public Finance; Healthcare and Pharma
Disclosures: EU Endorsed, UK Endorsed; Solicited by or on behalf of the issuer (sell side)
CUSIP: 794458FV6 (Public)
Maturity Date: 15-May-2044
Currency: USD
Amount: 0
Placement: Public
Security LTR: AA-
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05Disclosures

Endorsement Status
EU Endorsed, UK Endorsed
Country of ֳ Office
United States
Solicitation Status
Long Term RatingSolicited - Sell Side
Unenhanced Long Term RatingSolicited - Sell Side

06Criteria

12Jan
2024
Expired Criteria
U.S. Public Sector, Revenue-Supported Entities Rating Criteria — Effective from January 12, 2024 to January 10, 2025
01Sep
2021
Expired Criteria
Public Sector, Revenue-Supported Entities Rating Criteria – Effective from September 1, 2021 to April 27, 2023
23Feb
2021
Expired Criteria
Public Sector, Revenue-Supported Entities Rating Criteria - Effective from February 23, 2021 to September 1, 2021
18Nov
2020
Expired Criteria
U.S. Not-For-Profit Hospitals and Health Systems Rating Criteria - Effective Nov. 20, 2020 to Nov. 12, 2024

07Analysts

Michael Burger
Primary Rating Analyst

Richard Park
Secondary Rating Analyst

Credit-Relevant ESG Scale

How relevant are E, S and G issues to the overall credit rating?

5
Highly relevant, a key rating driver that has a significant impact on the rating on an individual basis. Equivalent to "higher" relative importance within Navigator.
4
Relevant to rating, not a key rating driver but has an impact on the rating in combination with other factors. Equivalent to "moderate" relative importance within Navigator
3
Minimally relevant to rating, either very low impact or actively managed in a way that results in no impact on the entity rating. Equivalent to "lower" relative importance within Navigator.
2
Irrelevant to the entity rating but relevant to the sector.
1
Irrelevant to the entity rating and irrelevant to the sector

* ESG Relevance is applicable for international scale ratings only

Ratings KeyOutlookWatch
Positive
Negative
Evolving
Stable 

* Ratings displayed in orange denotes EU or UK Unsolicited and Non-Participatory Ratings

Where there was a review with no rating action (Review – No Action), please refer to the “Latest Rating Action Commentary” for an explanation of key rating drivers

*Premium Content is displayed in ֳ Red