In addition, Fitch assigned the short-term “F1+” rating to Banner Health’s series 2017D bonds and affirmed the “AA-” and “F1+” ratings on Banner Health’s outstanding debt.
The assignment and affirmation are a result of several factors, including Banner Health’s solid market position, favorable capital spending, sufficient liquidity metrics and adequate debt service coverage. Fitch also acknowledged Banner Health’s suppressed operating performance due to losses at the academic medical center and in its insurance division.
The short-term rating is attributed to Banner Health’s self-liquidity.
The outlook is stable.
More articles on healthcare finance:
10 hospitals with strong finances
22 healthcare bankruptcies so far in 2017
Washington physician group sues CHS for underpayment
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
