Concurrently, Moody’s affirmed the “A2” rating on Orlando Health’s outstanding bonds, affecting $769 million of debt.
The assignment and affirmation are a result of several factors, including Orlando Health’s expanding presence in favorable markets, improving financial profile and solid liquidity metrics. Moody’s also acknowledged the health system’s highly competitive service area.
The outlook is stable, reflecting Moody’s expectation that the health system will maintain favorable cash flow and strong financial metrics through a period of high capital spending.
More articles on healthcare finance:
The impact of hurricanes, the revenue loss, the tough leadership decisions: 5 questions with Schneider Regional Medical Center CFO Scott Nothnagel
Martin Luther King Jr. Community Hospital receives $15M to support physician recruitment
Massachusetts community hospital posts 32nd consecutive operating surplus in FY 17
