Cite solid financial and strategic planning, strong management team
Moody’s Investors Service released today its bond rating for Scripps Health, following Fitch Ratings’ and Standard & Poor’s Ratings Services’ earlier releases. All three agencies gave Scripps strong ratings, acknowledging the integrated health system’s management and solid financial and strategic planning.
“We are very pleased with these ratings,” said Chris Van Gorder, president and CEO of Scripps Health. “We are positioned for continued success and are confident about our future. While we are always focused on maintaining our strength as a business, we never forget our community mission and our legacy. And the less money we have to pay in interest, the more we have for patient care.”
Moody’s and Fitch maintained Scripps at AA3 and AA-, respectively, with both rating agencies affirming Scripps’ outlook as stable. S&P also confirmed Scripps’ stable outlook, and raised its rating from AA- to AA.