S&P upgrades Beaumont Health's rating to 'A+'

S&P Global Ratings upgraded Southfield, Mich.-based Beaumont Health's long-term rating to "A+" from "A."

The upgrade is a result of several factors, including the health system's leading market position, strong leadership team, manageable debt burden and growing cash on hand. S&P acknowledged the health system's decline in inpatient utilization.

The outlook is stable, reflecting Beaumont's successful implementation of various operating strategies to maintain cash flow. 

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