Moody’s upgrades Health First’s rating to ‘A2’

Moody’s Investors Service has upgraded Rockledge, Fla.-based Health First’s rating to “A2” from “A3,” affecting approximately $322 million of outstanding bonds.

Advertisement

The rating upgrade is based on a number of factors, including Health First’s leading market position and maintenance of higher performance over the past two years.

Offsetting these strengths are several challenges, including Health First’s lower-than-average liquidity and leverage metrics.

The outlook is stable, reflecting Moody’s expectation of continued strong financial performance in fiscal year 2016.

More articles on healthcare finance:
UMC: Healthcare budget cuts could cripple hospital
3 thoughts on Huron-Strata’s new value performance management solution
NueHealth, Nueterra Capital expand footprint in Nashville

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.

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.