The outlook change is based on the expectation that THR will continue to generate strong cash flow to maintain good debt coverage measures, support capital spending plans and maintain or grow its liquidity.
THR has an “Aa3” rating, which reflects its position as a regional health system with a leading market share. THR’s cash flow margins remain strong, and liquidity grew 24 percent in 2013 over 2012.
More articles on hospital credit ratings:
Moody’s downgrades St. Luke’s revenue bonds to ‘A3’, outlook stable
Fitch affirms Cottage Health System’s ‘AA-‘ rating
Moody’s assigns Mount Sinai Medical Center ‘Baa1’ rating, outlook stable
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.