Moody’s affirms ‘A3’ rating on Henry Ford Health System

Moody’s Investors Service affirmed its “A3” rating on Detroit-based Henry Ford Health System’s series 2016 bonds, affecting $849 million in debt.

Advertisement

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.

More articles on healthcare finance:
Chicago Tribune editorial: Cook County Hospital Systems’ ineptitude, carelessness is costing taxpayers
12 latest hospital credit downgrades
Inspector general: Billing, clerical errors cost Cook County Health and Hospitals System $165M

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.