Additionally, S&P assigned its “BBB” rating to Faith Regional Health Services’ $29.5 million series 2017A-1 revenue bonds.
“In our view, the ‘BBB’ rating reflects the trend of declining operating performance from 2015 levels and some uncertainty about proposed capital plans that may require additional debt,” said Wendy Towber, an S&P Global Rating’s analyst.
S&P revised the outlook to stable from positive based on the system’s weaker operating performance and lower debt service coverage than in fiscal year 2015.
More articles on healthcare finance:
10 hospitals seeking RCM talent
Mercy Hospital receives $1M pledge for renovations
Moody’s assigns ‘Aa2’ rating to Cleveland Clinic Health System’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.