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
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