The ratings affirmation is based on a number of factors, including the medical center’s favorable operating performance and better-than-expected operating cash flow projections through mid-fiscal year 2017.
The outlook is stable, reflecting Moody’s Investors Service’s expectation VUMC’s financial performance will continue at its modest levels for the foreseeable future.
More articles on healthcare finance:
S&P downgrades rating on MetroHealth System’s bonds to ‘BBB-‘
S&P assigns ‘AA’ rating to Presbyterian Health Services’ bonds
Moody’s assigns ‘A3’ rating to Ochsner Clinic Foundation’s bonds
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