The rating affirmation is based on a number of factors, including a strong market position, a modest debt load and an improving balance sheet profile.
The system also faces numerous challenges, including a high reliance on Medicaid.
The rating outlook remains stable, reflecting Moody’s view that CHHS will continue to produce strong operating performance and build unrestricted investment balances.
More articles on finance:
5 hospital CFOs in the headlines
Health insurance deductibles rising faster than wages: 8 findings
Fitch affirms Winthrop-University Hospital’s bond rating
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.