S&P assigns ‘BBB’ rating to Montefiore Health System

S&P Global Ratings assigned its “BBB” long-term rating to New York City-based Montefiore Health System’s series 2018A, 2018B and 2018C bonds.

Advertisement

The bonds will restructure most of Montefiore’s existing debt and refinance certain strategic investments.

The assignment is a result of Montefiore’s strong enterprise profile, characterized by its leading market share and reputation as a premier academic medical center. In addition, S&P acknowledged the health system’s expansive network and noted its strong management team that has showcased an ability to mitigate challenges as they arise.

The outlook is stable.

More articles on healthcare finance:
Missouri to hospitals: Contract with 3 managed Medicaid insurers or face 10% payment cut
2 Arkansas hospitals accuse EMS provider of balance billing
13 latest hospital credit rating downgrades

Advertisement

Next Up in Financial Management

  • Healthcare leaders are often expected to compartmentalize emotion to make difficult decisions, drive results, and maintain operational focus. For many years, I led…

  • Chicago-based CommonSpirit recorded an operating income of $2 million (0% operating margin) in the second quarter of fiscal 2026, down…

  • Amy Assenmacher, RN, senior vice president of revenue cycle at Grand Rapids, Mich.-based Corewell Health, is confident that healthcare is…

Advertisement

Comments are closed.