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.
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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
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