Moody’s has also affirmed the “A2” rating on the system’s outstanding bonds.
The rating assignment is based on several factors, including the system’s position as a large system in the Cleveland area as well as its manageable capital spending plans.
Challenges to the system include balance sheet and operating leverage and the presence of a large and prominent competitor.
The rating outlook is stable, reflecting expected continued adequate margins and no major increase in leverage.
More articles on finance:
Applying bundled payments to perioperative services: 3 major takeaways
Ascension sees operating margin increase on higher patient volume: 6 things to know
8 recent hospital outlook and credit rating actions
