The hospital has a number of strengths, which were considered for the rating affirmation, including its improved financial performance through nine months ending Sept. 30, and the hospital’s increase in unrestricted cash and investments, which had grew to $97 million, or 88 days cash on hand, as of Sept. 30.
SPUH’s challenges such as reductions in state charity care funding beginning in fiscal year 2016 were also considered for the rating affirmation.
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