The rating upgrade is based on a number of factors, including BSHS’ large size, strong governance oversight and improving balance sheet metrics.
Offsetting these strengths is BSHS’ large amount of indirect debt, as well as the competitive nature of the markets in which it operates.
The outlook is stable at the higher rating level, reflecting Moody’s expectation that BSHS will continue to produce solid operating margins.
More articles on healthcare finance:
Moody’s: States have ample time to prepare for ACA’s Cadillac tax
5 most-read finance stories: Week of Dec. 7-11
Majority of pre-retirees cite healthcare costs as top concern: 6 findings
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
