Moody's revises Ochsner Clinic Foundation's outlook to positive

Moody's Investors Service has assigned a "Baa1" bond rating to Ochsner Clinic Foundation's proposed $269.5 million of series 2015 tax-exempt bonds and $252.5 million of series 2015 taxable fixed rate revenue bonds and revised its outlook to positive from stable.

OCF is solely owned by New Orleans-based Ochsner Health System.

The outlook revision was based on a number of factors, including OHS' improving operating performance over the last two fiscal years.

OHS' strengths were considered for the rating affirmation, including its leading market share as a sizable, highly integrated health system with a strong and growing reputation for tertiary and quaternary services, according to Moody's.

The system also faces some challenges, which were considered for the rating affirmation, such as its balance sheet measures remaining modest compared to the "Baa1" medians.

More articles on healthcare finance:

Survey shows 51% of hospital systems achieved ROI from value-based payment models
31 latest hospital credit downgrades
To Medicare, bacterial infections are billion-dollar problems

Copyright © 2022 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars