Moody’s has also revised the system’s outlook to positive from stable.
The “A1” rating affirmation is based on several factors, including Memorial Hermann’s status as a large health system with favorable demographics and a leading market position in the Houston area. The “A1/VMIG 1” rating affirmation is based on the system’s self-liquidity support of variable rate bonds.
The outlook revision reflects Moody’s expectation that Memorial Hermann will maintain strong operating margins and liquidity.
More hospital outlook and credit rating actions:
Moody’s assigns ‘Aa3’ to Cedars-Sinai Medical Center’s bonds
Moody’s affirms Wayne Memorial Hospital’s ‘Baa1’ rating
Moody’s affirms Children’s Hospital of Los Angeles’ rating
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.