The outlook revision is based on a number of factors, including Moody’s Investors Service’s expectation that Skagit will maintain modest operating performance in 2017.
Moody’s also assigned a “Baa2” rating to Skagit’s $61.1 million of series 2016 bonds and affirmed the “Baa2” rating on $100 million of outstanding revenue bond debt.
The rating assignment and affirmation reflect Skagit’s strong market share in its primary service area and the rapid growth it has achieved over the past several years.
More articles on healthcare finance:
Smart Source partners with Convergent Revenue Cycle Management: 3 things to know
Fitch affirms Eisenhower Medical Center’s ‘BBB’ rating
S&P assigns ‘A+’ rating to RWJBarnabas Health’s bonds
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.