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
