Moody's Revises Aurora Health Care Outlook to Positive

Moody's Investors Service has revised its outlook from stable to positive for Milwaukee-based Aurora Health Care.

The outlook change results from a "gradual but persistent strengthening of the organization," seen in increasing margins, healthier debt coverage ratios and an improved balance sheet profile, according to Moody's. AHC's cash position grew from $913.4 million or 84 days at the end of fiscal year 2011 to $1.3 billion or 125 days as of Dec. 31, 2013.

Moody's has also affirmed "A3" underlying and long-term bond ratings for the health system. The affirmation reflects elevated performance and profitable operations during fiscal year 2013, ended Dec. 31.

Moody's ratings and outlook affirmation and change follow Fitch Ratings' recent affirmation of an "A" rating for the expected re-marking of $65 million in revenue bonds issued on behalf of AHC. Fitch also affirmed a stable outlook for the health system.

More Articles on Hospital Finance:
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Fitch Affirms Aurora Health Care's 'A' Bond Rating
Stop Sending Patients Away: In-House Pathway to Healthy Balance Sheets 

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