S&P Global Ratings assigned its "A" rating to Cincinnati-based UC Health's $145 million series 2017 revenue refunding bonds.
Concurrently, S&P affirmed its "A" rating to UC Health's series 2010 and 2016 revenue bonds. In addition, S&P affirmed its "A" issuer default rating on UC Health.
"The rating [assignment and affirmation] reflects our opinion of UC Health's sound business position as the region's only academic medical center, good operating performance, moderate debt levels, and ongoing support from supplemental revenue sources," said Suzie Desai, an S&P Global Ratings credit analyst.
The outlook is stable, reflecting the health system's consistent enterprise and financial profile.