S&P Global Ratings has assigned an "A+" rating to Houston-based Memorial Hermann Health System's $132.45 million of series 2016A fixed rate revenue bonds.
"The 'A+' rating reflects our assessment of Memorial Hermann's market-leading position, consistent operating performance in fiscal year 2016 year-to-date, continued improvement to unrestricted reserves and key liquidity ratios; and strategic footprint in the Texas Medical Center and surrounding Houston communities," said Kevin Holloran.
The outlook is positive, reflecting S&P's expectation that Memorial Hermann's financial performance will remain consistent.