Moody's Investors Service has assigned an initial "A3" issuer rating to Ill.-based MercyRockford Health System. MRHS does not yet have a debt security structure.
The issuer rating reflects the scale and market presence of the recently merged Mercy and Rockford health systems, good balance sheet resources and proven management team as evidenced by already improving margins.
The outlook is stable, reflecting early indications of financial improvement and the benefits expected to be achieved from the merger.