Hospital Authority of Gwinnett County


CUSIP 403732EN6
  • Issue Currency: United States of America Dollars
  • Announcement Date: 26-Oct-2018
  • News: We wish to inform you that on October 25, 2018, Moodys Investors Service downgraded Gwinnett Hospital System, Inc.s revenue certificates to Baa1 from A3. The outlook has been revised to negative from stable. Credit ratings issued by Moodys Investors Service, Inc. and its affiliates (Moodys) are Moodys current opinions of the relative future credit risk of entities, credit commitments, or debt or debt-like securities and are not statements of current or historical fact. Moodys credit ratings address credit risk only and do not address any other risk, including but not limited to: liquidity risk, market value risk, or price volatility. This letter uses capitalized terms and rating symbols that are defined or referenced either in Moodys Definitions and Symbols Guide or MIS Code of Professional Conduct as of the date of this letter, both published on www.moodys.com. The Credit Ratings will be publicly disseminated by Moodys through normal print and electronic media as well as in response to verbal requests to Moodys Rating Desk. Moodys related research and analyses will also be published on www.moodys.com and may be further distributed as otherwise agreed in writing with us. Moody`s Credit Ratings or any corresponding outlook, if assigned, will be subject to revision, suspension or withdrawal, or may be placed on review, by Moody`s at any time, without notice, in the sole discretion of Moodys. For the most current Credit Rating, please visit www.moodys.com. Moodys has not consented and will not consent to being named as an expert under applicable securities laws, such as section 7 of the Securities Act of 1933. The assignment of a rating does not create a fiduciary relationship between Moodys and you or between Moodys and other recipients of a Credit Rating. Moodys Credit Ratings are not and do not provide investment advice or recommendations to purchase, sell or hold particular securities. Moodys issues Credit Ratings with the expectation and understanding that each investor will make its own evaluation of each security that is under consideration for purchase, sale or holding. Moodys adopts all necessary measures so that the information it uses in assigning a Credit Rating is of sufficient quality and from sources Moodys considers to be reliable including, when appropriate, independent third-party sources. However, Moodys is not an auditor and cannot in every instance independently validate or verify information received in the rating process. Moodys expects and is relying upon you possessing all legal rights and required consents to disclose the information to Moody`s, and that such information is not subject to any restrictions that would prevent use by Moody`s for its ratings process. In assigning the Credit Ratings, Moodys October 26, 2018 Mr. Thomas McBride Chief Financial Officer Gwinnett Hospital System, Inc. 1000 Medical Center Boulevard Lawrenceville, GA 33045 has relied upon the truth, accuracy, and completeness of the information supplied by you or on your behalf to Moodys. Moodys expects that you will, and is relying upon you to, on an ongoing basis, promptly provide Moodys with all information necessary in order for Moodys to accurately and timely monitor the Credit Ratings, including current financial and statistical information. Under no circumstances shall Moodys have any liability (whether in contract, tort or otherwise) to any person or entity for any loss, injury or damage or cost caused by, resulting from, or relating to, in whole or in part, directly or indirectly, any action or error (negligent or otherwise) on the part of, or other circumstance or contingency within or outside the control of, Moodys or any of its or its affiliates directors, officers, employees or agents in connection with the Credit Ratings. ALL INFORMATION, INCLUDING THE CREDIT RATING, ANY FEEDBACK OR OTHER COMMUNICATION RELATING THERETO IS PROVIDED ""AS IS"" WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND. MOODYS MAKES NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY SUCH INFORMATION. Any non-public information discussed with or revealed to you must be kept confidential and only disclosed either (i) to your legal counsel acting in their capacity as such; (ii) to your other authorized agents acting in their capacity as such with a need to know that have entered into non-disclosure agreements with Moodys in the form provided by Moodys and (iii) as required by applicable law or regulation. You agree to cause your employees, affiliates, agents and advisors to keep non-public information confidential. If there is a conflict between the terms of this rating letter and any related Moodys rating application, the terms of the executed rating application will govern and supercede this rating letter. Should you have any questions regarding the above, please do not he
CUSIP 403732EP1
  • Issue Currency: United States of America Dollars
  • Announcement Date: 07-Nov-2018
  • News: We wish to inform you that on October 25, 2018, Moodys Investors Service downgraded Gwinnett Hospital System, Inc.s revenue certificates to Baa1 from A3. The outlook has been revised to negative from stable. Credit ratings issued by Moodys Investors Service, Inc. and its affiliates (Moodys) are Moodys current opinions of the relative future credit risk of entities, credit commitments, or debt or debt-like securities and are not statements of current or historical fact. Moodys credit ratings address credit risk only and do not address any other risk, including but not limited to: liquidity risk, market value risk, or price volatility. This letter uses capitalized terms and rating symbols that are defined or referenced either in Moodys Definitions and Symbols Guide or MIS Code of Professional Conduct as of the date of this letter, both published on www.moodys.com. The Credit Ratings will be publicly disseminated by Moodys through normal print and electronic media as well as in response to verbal requests to Moodys Rating Desk. Moodys related research and analyses will also be published on www.moodys.com and may be further distributed as otherwise agreed in writing with us. Moody`s Credit Ratings or any corresponding outlook, if assigned, will be subject to revision, suspension or withdrawal, or may be placed on review, by Moody`s at any time, without notice, in the sole discretion of Moodys. For the most current Credit Rating, please visit www.moodys.com. Moodys has not consented and will not consent to being named as an expert under applicable securities laws, such as section 7 of the Securities Act of 1933. The assignment of a rating does not create a fiduciary relationship between Moodys and you or between Moodys and other recipients of a Credit Rating. Moodys Credit Ratings are not and do not provide investment advice or recommendations to purchase, sell or hold particular securities. Moodys issues Credit Ratings with the expectation and understanding that each investor will make its own evaluation of each security that is under consideration for purchase, sale or holding. Moodys adopts all necessary measures so that the information it uses in assigning a Credit Rating is of sufficient quality and from sources Moodys considers to be reliable including, when appropriate, independent third-party sources. However, Moodys is not an auditor and cannot in every instance independently validate or verify information received in the rating process. Moodys expects and is relying upon you possessing all legal rights and required consents to disclose the information to Moody`s, and that such information is not subject to any restrictions that would prevent use by Moody`s for its ratings process. In assigning the Credit Ratings, Moodys October 26, 2018 Mr. Thomas McBride Chief Financial Officer Gwinnett Hospital System, Inc. 1000 Medical Center Boulevard Lawrenceville, GA 33045 has relied upon the truth, accuracy, and completeness of the information supplied by you or on your behalf to Moodys. Moodys expects that you will, and is relying upon you to, on an ongoing basis, promptly provide Moodys with all information necessary in order for Moodys to accurately and timely monitor the Credit Ratings, including current financial and statistical information. Under no circumstances shall Moodys have any liability (whether in contract, tort or otherwise) to any person or entity for any loss, injury or damage or cost caused by, resulting from, or relating to, in whole or in part, directly or indirectly, any action or error (negligent or otherwise) on the part of, or other circumstance or contingency within or outside the control of, Moodys or any of its or its affiliates directors, officers, employees or agents in connection with the Credit Ratings. ALL INFORMATION, INCLUDING THE CREDIT RATING, ANY FEEDBACK OR OTHER COMMUNICATION RELATING THERETO IS PROVIDED ""AS IS"" WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND. MOODYS MAKES NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY SUCH INFORMATION. Any non-public information discussed with or revealed to you must be kept confidential and only disclosed either (i) to your legal counsel acting in their capacity as such; (ii) to your other authorized agents acting in their capacity as such with a need to know that have entered into non-disclosure agreements with Moodys in the form provided by Moodys and (iii) as required by applicable law or regulation. You agree to cause your employees, affiliates, agents and advisors to keep non-public information confidential. If there is a conflict between the terms of this rating letter and any related Moodys rating application, the terms of the executed rating application will govern and supercede this rating letter. Should you have any questions regarding the above, please do not he



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