S&P revises Catholic Health System’s outlook to stable

S&P Global Ratings has revised the outlook to stable from positive and affirmed the “BBB+” rating on Buffalo, N.Y.-based Catholic Health System and its bonds.

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“The revision of the outlook to stable is due largely to CHS’ recent pattern of weaker earnings,” said S&P analyst Margaret McNamara.

The rating affirmation reflects S&P’s view of CHS’ improving balance sheet and leading market position.

More articles on healthcare finance:
Fitch affirms MultiCare Health System’s ‘AA-‘ rating
Moody’s affirms Summit Health’s ‘A2’ rating
Moody’s revises Mercy Hospital’s outlook to negative

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