Fitch Ratings has reaffirmed WellSpan Health's "AA-" bond rating, citing its strong financial profile and leading position in central Pennsylvania.
WellSpan has maintained an "AA-" bond rating since 2007, reflecting its financial stability and ability to invest in new facilities, technology and workforce development.
"The efforts to maintain our health system's financial performance is affirmed through this strong bond rating that attests to WellSpan's strategy and execution especially as the industry as a whole face ongoing financial challenges," CFO Laura Buczkowski said in a Nov. 18 news release. "This assessment reinforces WellSpan as being exceptionally well-positioned to provide the best quality, experience, and lowest cost for our patients."
Despite WellSpan's operating performance softening in recent years, Fitch said its senior leadership team has a track record of producing solid operating results with performance expected to improve to levels more consistent with historical trends for the health system.