“The ‘AA-‘ rating reflects our assessment of Piedmont’s solid enterprise profile in a competitive and consolidating market and its stable and financial profile, highlighted by operating margins in excess of 5 percent for the past two fiscal years and historical pro forma maximum annual debt service greater than 5 times,” said an S&P analyst.
The outlook is stable, reflecting S&P’s view of Piedmont’s solid enterprise profile and healthy financial profile.
More articles on healthcare finance:
Fitch assigns ‘AA-‘ rating to Cedars-Sinai Medical Center’s bonds
Moody’s downgrades Sauk Prairie Memorial Hospital’s rating to ‘B1’
AHA asks judge to require HHS to resolve Medicare appeals backlog
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
