Moody's Investors Service affirmed its "A3" rating on Detroit-based Henry Ford Health System's series 2016 bonds, affecting $849 million in debt.
The affirmation is a result of several factors, including the health system's strong clinical reputation, solid geographic presence and new strategic plan.
The outlook is positive, reflecting Moody's expectation that the strategic turnaround plan will increase Henry Ford's cash flow and improve its operating margins.