S&P assigns ‘BBB+’ rating to CHI’s bonds

S&P Global Ratings assigned its “BBB+” rating to Englewood, Colo.-based Catholic Health Initiative’s $250 million series 2017A revenue bonds.

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The rating assignment is based on the health system’s strong enterprise profile coupled with its adequate financial profile.

The outlook is positive, reflecting CHI’s potential merger with San Francisco-based Dignity Health, which would enhance the organization’s overall enterprise profile by adding geographic and financial diversity.

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