S&P assigns ‘AA-‘ rating to University of Chicago Medical Center’s bonds

S&P Global Ratings has assigned an “AA-” long-term rating to the University of Chicago Medical Center’s series 2016A and 2016B bonds.

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S&P also affirmed its “AA-” long-term and underlying rating on UCMC’s series 2009A, 2009B, 2009C, 2009D, 2009E, 2011C and 2012A bonds.

“The ratings reflect our opinion of UCMC’s robust operations, leadership team that has continued to meet or exceed its long-range plan and stable inpatient utilization,” said S&P analyst Brian Williamson.

The outlook is stable, reflecting S&P’s anticipation that UCMC will be able to maintain its strong financial profile and enterprise profile.

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