S&P also affirmed its outstanding “AA-” long-term and underlying ratings on Sutter Health’s existing debt.
“The rating on Sutter Health reflects a strong enterprise profile largely in the northern California [region], combined with a solid financial profile,” said S&P credit analyst Martin Arrick.
Sutter’s financial profile has long been characterized by strong margins and cash flow generating sound coverage consistent with the rating, tempered by a balance sheet that while strong overall and improving, is only adequate for the current rating, according to S&P.
The system’s rating outlook is stable.
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