The rating affirmation is based on several factors, including Erlanger’s position as a sizable health system with a growing reputation for tertiary and quaternary services.
The outlook is revised to positive from stable, reflecting Erlanger’s improved performance in fiscal year 2015 and good liquidity growth. Moody’s expects Erlanger to maintain its operating cash flow level to support capital investments.
More hospital outlook and credit rating actions:
Fitch upgrades Erlanger Health System’s rating to ‘BBB+’
Moody’s affirms Cullman Regional Medical Center’s ‘Ba1’ rating
Moody’s revises Temple University Health System’s outlook to developing
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.