S&P Global Ratings assigned its "AA+" long-term rating to Falls Church, Va.-based Inova Health System Foundation's $500 million series 2018A and 2018B revenue bonds.
Concurrently, S&P affirmed the "AA+" long-term rating and underlying rating on Inova's outstanding debt.
The assignment and affirmations are a result of Inova's strong enterprise profile, characterized by its leading market share, wide array of service offerings and favorable service area. In addition, S&P acknowledged Inova's strong financial performance, low leverage and high unrestricted reserves.
The outlook is stable, reflecting S&P's expectation that Inova will maintain its healthy operating results to meet long-term capital needs.