The rating assignment was supported by a number of factors, including Cincinnati Children’s strong national and international reputation in clinical services and research and status as one of the largest independent children’s hospitals in the country regarding revenue and assets.
The rating assignment was also supported by the medical center’s diversified revenue services and consistently strong operating margins and cashflow.
Cincinnati Children’s also faces a number of challenges, which were considered for the rating assignment, such as its underdeveloped fundraising efforts, modest cash-to-comprehensive debt and higher leveraged position after financing.
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