The ratings agency also affirmed the long-term and underlying ratings on the hospital authority’s revenue bonds and the “AAA/A-1+” dual rating on its variable-rate demand bonds.
“KUHA’s market presence is exceptionally strong, characterized by its dominant market share in a large primary service area, strong and growing patient volume activity given its unique high-end specialty service offerings and its position as the region’s academic medical center,” S&P analyst Kevin Holloran said.
The outlook is stable, reflecting S&P Global Ratings’ view the hospital authority will maintain its “strong credit fundamentals, good enterprise profile and solid business position,” for the two-year outlook period, said Mr. Holloran.
More articles on healthcare finance:
Fitch places Meridian Health System’s bonds on rating watch positive
Fitch upgrades rating on Children’s Hospital Medical Center of Akron to ‘AA-‘
S&P downgrades rating on Covenant Health’s bonds to ‘BBB+’
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