The affirmation is a result of several positive and negative factors, including the hospital’s dominant market share, growing service area and limited balance sheet.
The outlook revision is a result of the updated rating criteria for nonprofit hospitals. Applying the new criteria, S&P no longer believes a higher rating is likely within the two-year outlook period.
More articles on healthcare finance:
13 latest hospital credit rating downgrades
14 recent hospital, health system outlook and credit rating actions
Health insurers overtake hospital stocks: 4 things to know
