S&P Global Ratings upgraded Wauwatosa, Wis.-based Froedtert Health's bond rating to "AA" from "AA-."
The upgrade is a result of several factors, including the health system's improving market share, patient volume growth, solid cash flow and prudent expense controls. S&P also favorably viewed the ongoing expansion efforts at the health system's main campus.
The outlook is stable, reflecting S&P's expectation that Froedtert will maintain its strong financial profile as it continues to expand its footprint.