Moody's Investors Service affirmed its "Aa3" rating on Milwaukee-based Children's Hospital and Health System's bonds, affecting $253 million of debt.
The affirmation is a result of several factors, including the health system's healthy balance sheet metrics, strong market position and financial support from Wisconsin's provider fee program. Moody's also acknowledged the health system's modest size, shift to outpatient settings and upcoming increase in capital spending.
The outlook is stable, reflecting Moody's expectation that the health system will maintain strong operating margins and its healthy balance sheet will withstand the increase in capital spending.