S&P assigns ‘A’ rating to OSF Healthcare System’s bonds

S&P Global Ratings has assigned an “A” rating to Peoria, Ill.-based OSF Healthcare System’s $113.61 million of series 2016 revenue bonds.

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The outlook remains positive.

“The ‘A’ rating reflects our view of OSF’s successful improvement to the organization’s operations during the past several years, after a challenging fiscal 2013, in addition to steady growth of unrestricted reserves,” said S&P analyst Kevin Holloran. “The stronger balance sheet, improved operations and management’s determined approach to be appropriately prepared for the transition to population health continue to support the positive outlook.”

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