Concurrently, S&P lowered the rating on IHS’ series 2010A and 2016A revenue bonds to “BBB+” from “A-.”
“The lower rating reflects IHS’ continued operating losses, with margins remaining well below median levels for the rating,” said S&P credit analyst Patrick Zagar.
S&P also acknowledged that the health system’s operating performance has not improved in line with long-term expectations.
The outlook is stable, reflecting IHS’ healthy balance sheet and improving market position.
More articles on healthcare finance:
Fewer medical mistakes saved hospitals $2.9B from 2014 to 2016
$28k: The average price healthcare will cost a family of 4 in 2018
9 latest hospital credit downgrades
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.
