Moody’s affirms ‘Aa3’ rating on Children’s Hospital & Health System

Moody’s Investors Service affirmed its “Aa3” rating on Milwaukee-based Children’s Hospital and Health System’s bonds, affecting $253 million of debt.

Advertisement

The affirmation is a result of several factors, including the health system’s healthy balance sheet metrics, strong market position and financial support from Wisconsin’s provider fee program. Moody’s also acknowledged the health system’s modest size, shift to outpatient settings and upcoming increase in capital spending.

The outlook is stable, reflecting Moody’s expectation that the health system will maintain strong operating margins and its healthy balance sheet will withstand the increase in capital spending. 

More articles on healthcare finance:
Kindred expects $20M hit from hurricanes
12 recent hospital, health system outlook and credit rating actions
5 recent donations, grants to healthcare organizations

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.