S&P has assigned an "A+" long-term rating to $183 million of fixed rate series 2015A bonds issued on behalf of Sioux Falls, S.D.-based Sanford Health by the South Dakota Health & Educational Facilities Authority.
"The rating reflects our view of Sanford's strong business position, dramatically higher earnings and cash flow in fiscal year 2015, advantages from a largely all employed physician staff, volume growth, anticipated benefits from the capital projects and ownership of a health plan," said Cynthia Keller, an S&P credit analyst.
The system's credit outlook is stable.
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