S&P raises MedStar Health's rating to 'A'

S&P Global Ratings raised Columbia, Md.-based MedStar Health's rating to "A" from "A-" on debt from various entities.

 

S&P also raised the long-term rating to "AA+" from "AA" on series 1998A tranche 1 and 2 bonds.

Additionally, S&P assigned an "A" rating to Maryland Health and Higher Education Facilities Authority's series 2017 bonds issued on behalf of MedStar Health, affecting $432 million of rated debt.

Lastly, S&P affirmed the "AA/A-1" rating the health system's series 1998A tranche 3 bonds issued for MedStar.

S&P analysts attribute the ratings assignment and affirmation to Medstar's sustainable operating performance and solid balance sheet metrics.

The outlook is stable, reflecting S&P Global Rating's favorable opinion regarding MedStar's ability to manage its long-term strategic plan.

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