S&P Global Ratings assigned its "A+" rating to Kansas City, Mo.-based Saint Luke's Health System's proposed $93.1 million series 2018A revenue bonds.
Concurrently, S&P affirmed its "A+" rating on SLHS' outstanding debt.
The assignment and affirmation are a result of several factors, including the health system's improving market position, growing ambulatory care presence, healthy patient volume growth, light debt burden and moderate operations.
The outlook is stable, reflecting S&P's expectation the health system will maintain its operational performance.