Moody's Investors Service affirmed its "A2" rating on Green Bay, Wis.-based Bellin Memorial Health System's outstanding bonds, affecting $53 million of debt.
The affirmation is a result of several factors, including the health system's moderate debt load, healthy operating performance and favorable payer mix. Moody's unfavorably viewed Bellin Memorial's light liquidity metrics and small size.
The outlook is stable, reflecting Moody's expectation that the health system will maintain its healthy operating performance to support good debt coverage and support liquidity growth.
More articles on healthcare finance:
Hospital uncompensated care surges 14% to $1.1B in Wisconsin
Mayo Clinic gets $10M donation to support 5 initiatives
12 recent hospital, health system outlook and credit rating actions