S&P also assigned an “AA-” long-term rating to the hospital’s $133.13 million of series 2017 fixed-rate bonds.
“The rating action reflects our view of Lurie Children’s strengthening financial profile and improving business position,” said S&P analyst Suzie Desai.
The outlook is stable, reflecting S&P Global Rating’s expectation Lurie Children’s Hospital will maintain its business position, improved balance sheet and solid cash flow margins.
More articles on healthcare finance:
Moody’s assigns ‘Baa2’ rating to Eisenhower Medical Center’s bonds
Moody’s affirms ‘Baa2’ rating on Exeter Hospital’s bonds
Moody’s affirms ‘A2′ rating on University Hospitals’ bonds
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