The affirmation of MedStar’s rating affects $1 billion in debt. The affirmation was based on a number of factors, including the health system’s market position, sustained improvement in operating margins and strengthened balance sheet.
MedStar also faces some challenges, such as expected increases in capital spending and moderate margins compared with other systems that are similarly rated.
MedStar’s positive outlook reflects the health system’s improved operating performance and balance sheet measures since the system’s rating was upgraded to A2 in 2009.
More articles on hospital credit ratings:
Moody’s Affirms Aspen Valley Hospital District’s ‘Baa2’ Rating, Outlook Stable
Fitch Affirms Harris County Hospital District’s ‘A’ Rating, Outlook Stable
Fitch Upgrades Stanford Hospital & Clinics’ Rating to ‘AA’
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