S&P assigns 'AA-' rating to Methodist Le Bonheur Healthcare & Affiliates' bonds

S&P Global Ratings assigned an "AA-" rating to Memphis, Tenn.-based Methodist Le Bonheur Healthcare & Affiliates' series 2017 revenue bonds.

The ratings agency also affirmed the "AA-" long-term rating and underlying ratings on the health system's rated debt obligations.

"The ratings reflect Methodist's strong enterprise profile, leading market share in its service area, and its solid operating profile, which was lighter in fiscal [year] 2016 but still good for the rating," said S&P analyst Margaret McNamara.

The outlook is stable, reflecting the health system's solid financial profile, strong business position and S&P Global Ratings' expectation the health system's operating performance will remain sound and its balance sheet will continue to improve.

More articles on healthcare finance:
S&P affirms 'BBB' rating on Jackson Hospital & Clinic's bonds, revises outlook to negative
Moody's assigns 'A1' rating to Medical University of South Carolina's bonds
Moody's affirms 'Aa2' rating on Monongahela Valley Health System's LOC-backed bonds

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