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.

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.

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