Additionally, S&P affirmed its “A+” rating on Minneapolis-based Fairview Health Services revenue bonds issued by the City of Minneapolis.
“The rating reflects our view of Fairview, as it has acquired HealthEast and Grand Itasca,” said Brian Williamson, an S&P Global Ratings credit analyst. Fairview Health Services is issuing bonds to refinance the acquired hospitals’ debt.
The outlook is stable, reflecting S&P’s expectation that Fairview will be able to smoothly transition after the acquisitions.
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