S&P raises rating on Advocate Health Care Network's bonds to 'AA+'

S&P Global Ratings raised the rating on Downers Grove, Ill.-based Advocate Health Care Network's various series of fixed-rate tax-exempt bonds to "AA+" from "AA."

"The [ratings action reflects] our view of AHCN's extremely solid enterprise profile, which includes a leading market position in the Chicagoland market and its national reputation in developing a strong clinically integrated physician network model, which has allowed it to successfully manage increasing value-based reimbursement," said S&P analyst Suzie Desai.

The ratings agency also affirmed the ratings on AHCN's following bonds:

  • "AA+/A-1+" on its various series of variable rate demand bonds
  • "A-1+" short-term rating on its series 2008C-3B bonds

The outlook is stable, reflecting S&P's view of AHCN's continued market leadership, extensive physician network and solid financial profile.

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars