“The ratings reflect our view of Legacy’s very strong enterprise and financial profiles, with a solid share of the competitive Portland market and initiatives to operate under the changes associated with health reform, as well as its strong operating results and robust debt service coverage and improved balance sheet,” said S&P analyst Allison Bretz.
The outlook is stable.
More hospital outlook and credit rating actions:
Moody’s assigns ‘Baa1’ rating to Elliot Hospital’s bonds
Moody’s revises Skagit Regional Health’s outlook to negative
Moody’s revises Yavapai Regional Medical Center’s outlook to positive
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