S&P Global Ratings affirmed its "A" long-term and underlying rating on Vancouver, Wash.-based PeaceHealth and assigned its "A" rating to the health system's series 2018A bonds. Concurrently, the outlook was revised to positive from stable.
The affirmation and assignment are based on several factors, including the health system's leading market position, robust partnership strategy, good liquidity metrics and solid management team.
"The outlook revision reflects our view of PeaceHealth's improved operations over the last two fiscal years, following operating losses in fiscal 2016," said S&P credit analyst Allison Bretz.