S&P Global Ratings assigned an "AA-" rating to Atlanta-based Piedmont Healthcare's $404.2 million of series 2016A revenue bonds.
"The 'AA-' rating reflects our assessment of Piedmont's solid enterprise profile in a competitive and consolidating market and its stable and financial profile, highlighted by operating margins in excess of 5 percent for the past two fiscal years and historical pro forma maximum annual debt service greater than 5 times," said an S&P analyst.
The outlook is stable, reflecting S&P's view of Piedmont's solid enterprise profile and healthy financial profile.