“The rating action reflects our view of [the system’s] strengthening enterprise profile, solid operating performance that has been sustained for the past few years, healthy debt service coverage and decreasing debt levels,” said S&P analyst Suzie Desai.
The outlook is stable, reflecting S&P’s view of the system’s robust presence in the TwinCities, growing regional presence and sustained improvement in operations.
More hospital outlook and credit rating actions:
Fitch affirms Berkshire Health Systems’ ‘A-‘ rating
Moody’s downgrades Adventist HealthCare’s rating to ‘Baa3’
Moody’s assigns ‘Aa3’ rating to Cedars-Sinai Medical Center’s bonds
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