Moody’s upgrades PinnacleHealth System’s rating to ‘A2’

Moody’s Investors Service has upgraded Harrisburg, Pa.-based PinnacleHealth System’s rating to “A2” from “A3,” affecting nearly $300 million of debt.

Advertisement

The upgrade is based on several factors, including its multiple years of sustained strong margins, completion of a large capital program and increase in liquidity.

The outlook is stable, reflecting PinnacleHealth’s sustained operating cash flow margins and lack of new material debt.

More articles on healthcare finance:
Conn. looks to other states for examples of how to control healthcare costs: 5 things to know
Moody’s assigns ‘Aa3’ rating to Franciscan Alliance’s bonds
$700M to rebuild Brooklyn hospital remains unspent in year since Gov. Cuomo’s proposal

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

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.