Moody's assigns 'Aa2' and 'Aa2/VMIG 1' ratings to Ascension Health's bonds

Moody's Investors Service has assigned "Aa2" and "Aa2/VMIG 1" ratings to St. Louis-based Ascension Health's proposed series 2016 bonds.

The rating assignment is based on several factors, including Ascension's status as the largest nonprofit healthcare system in the U.S. with $21 billion in total operating revenues.

Ascension's challenges include moderate operating margins and competition in most of its markets.

The outlook is stable, reflecting Moody's Investors Service's expectations that Ascension's improved margins will be sustained.

Moody's also affirmed ratings on approximately $5 billion of Ascension's outstanding debt.

More articles on healthcare finance:
CMS unveils new risk-based primary care model: 13 things to know
Moody's affirms Milford Regional Medical Center's 'Baa3' rating
Moody's assigns 'Aa2' rating to University of Iowa Hospitals and Clinics' bonds

 

 


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

 

Featured Content

Featured Webinars

Featured Whitepapers