S&P Global Ratings assigned an "AA" rating to Hollywood, Fla.-based Memorial Healthcare System's $115.180 million of series 2017 healthcare revenue refunding bonds.
"The rating reflects SBHD's continued strong overall financial profile as evidenced by operating performance and key balance metrics that are consistent with the 'AA' rating," said S&P analyst Stephen Infranco.
The agency also affirmed the following ratings on HSHS' bonds, including:
- "AA" rating on its series 2016A bonds
- "AA" rating on its series 2007 bonds
- "AA" rating on its series 2009 bonds
- "AA" rating on its series 2015 bonds
- "AA" rating on its series 2016 bonds
The outlook is stable, reflecting S&P's expectation the health system will maintain its solid enterprise profile and continue to generate strong earnings.