S&P assigns ‘A+’ rating to TriHealth’s bonds

S&P Global Ratings assigned an “A+” long-term rating to Cincinnati-based TriHealth’s $300 million of series 2017A hospital facilities revenue bonds.

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“The rating reflects our view of TriHealth’s historically solid overall financial profile as evidenced by balance sheet metrics that are above the medians for the rating coupled with solid pro forma maximum annual debt service coverage and good operating margins,” said S&P analyst Brian Williamson.

The outlook is stable, reflecting S&P Global Ratings’ expectation TriHealth will maintain its solid enterprise profile and continue to generate strong cash flows to maintain or improve on the health system’s key balance sheet measures.

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