The affirmation of St. Luke’s rating was based on the health system’s long-term record of maintaining strong and stable operating performance, its strong market presence, its clinical offerings and the favorable economy in Boise.
St. Luke’s had poor financial performance in 2013. However, unaudited interim financials show the health system is returning to a stronger performance, as balance sheet measures have somewhat improved.
The rating affects approximately $388 million of revenue bonds.
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