Standard & Poor's Ratings Services has assigned an "AA/A-1+" rating to Norfolk, Va.-based Sentara Healthcare's $98.84 million of series 2016A bonds and $98.84 million of series 2016B bonds.
"The rating reflects Sentara's excellent enterprise profile that has gradually improved through growth and acquisitions," said S&P credit analyst Martin Arrick. "In addition, the rating reflects Sentara's excellent and very stable and consistent financial profile."
The outlook is stable, reflecting S&P's view that Sentara's excellent enterprise and financial profiles provide stability at the current rating level.