“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
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.
