Moody's assigns 'A2' rating to Mercy Health

Moody's Investors Service assigned an "A2" rating to Cincinnati-based Mercy Health's proposed taxable bond and also affirmed its "A2" and "A2/VMIG 1" ratings on the system's outstanding bonds.

The ratings reflect the strength of Mercy Health's $8 billion enterprise, which spans multiple states. Moody's expects the health system's corporate cost reduction initiatives and combination synergies to continue driving strong margins.

The rating outlook was revised from stable to positive.

More articles on healthcare finance:

SLU physician group implements hiring freeze after EHR rollout
Private equity pushes into healthcare: 6 latest deals
Oklahoma hospital to close in 2019

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Featured Webinars

Featured Whitepapers