S&P Global Ratings has assigned an "A-" long-term rating to New Hyde Park, N.Y.-based Northwell Health's $500 million of series 2016 bonds.
"The rating on Northwell reflects its strong enterprise profile, which is anchored by its leading market position in a sizable and diverse service area, coupled with a good financial profile ... [and] stable, albeit modest, operational performance in the past several years, with expectations for continued slightly positive operations in fiscal 2016," said S&P analyst Stephen Infranco.
The outlook is stable, reflecting S&P's view of Northwell's dominant market position and expansive footprint in the New York metropolitan and Long Island service areas.