S&P assigns 'A+' rating to North Colorado Medical Center's bonds

Standard & Poor's Ratings Services has assigned an "A+" rating to Greeley-based North Colorado Medical Center's $110 million of series 2016 revenue bonds.

"We assessed NCMC's enterprise profile as strong, reflecting its leading market share in a somewhat small, but rapidly growing, primary service area and its solid medical staff profile that is well aligned through the Banner Medical Group–Colorado," said S&P credit analyst Allison Bretz.

"The stable outlook reflects our expectation that NCMC can sustain this additional level of debt at the current rating," Ms. Bretz added.

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