The rating assignment was supported by a number of factors, including the system’s history of excellent operating performance and growing unrestricted cash and investment balances. As of Sept. 30, 2014, SCHS had 457 days cash on hand.
The system also faces some challenges, which were considered for the rating assignment, such as operating in a somewhat challenging environment.
SCHS’ outlook is currently stable, which reflects Moody’s expectation that the system “will continue to experience enterprise growth, produce strong operating performance, and build unrestricted investment balances in support of the organization’s relatively high debt load.”
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