“The positive outlook reflects our view of KHN’s improved operational performance and strengthened balance sheet over the past two years, with health operating margins, robust maximum annual debt service coverage and growth in unrestricted reserves, all of which reflect upward rating potential,” said Avani Parikh, an S&P analyst.
Kettering Health Network could see its rating go up within the next two years if it maintains its good business position and continues to at least meet budgeted expectations, with margins, maximum annual debt service coverage and unrestricted reserve ratios in line with higher category medians, said Ms. Parikh.
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