In addition, Moody’s affirmed the “A1” rating on Aspirus’ series 2015A, series 2013, series 2004 and series 1998B bonds, affecting a total of $164 million of debt.
The assignment and affirmation are a result of several factors, including Aspirus’ solid operating performance, favorable balance sheet metrics and modest leverage. Moody’s also acknowledged Apirus’ highly competitive market, small size and upcoming capital spending.
The outlook is stable, reflecting Moody’s expectation that Aspirus will maintain its operating performance and favorable liquidity metrics through the upcoming period of high capital spending.
More articles on healthcare finance:
U of Mass Medical School founds Institute for Rare Diseases Research with $10M gift from Chinese businessman
Long-term funding uncertain for teaching health centers in underserved areas: 5 things to know
Donations to help foot part of uninsured shooting victims’ hospital bills, Las Vegas hospital says
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.