The rating affirmation was based on a number of factors, including Sentara’s leading market position, history of strong operating margins and strong unrestricted investment position. As of 2013, Sentara had an operating cash flow margin of 10.2 percent.
The stable outlook rating reflects the expectation that Sentara will continue to generate operating results in line with fiscal year 2013.
More articles on hospital credit ratings:
Moody’s upgrades Bridgeport Hospital to ‘Aa3’
Moody’s upgrades New York Methodist Hospital to ‘Baa1’
7 recent hospital rating and outlook changes, affirmations
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