Fitch Ratings, S&P Global Ratings and Moody's Investors Service have affirmed a AA rating with a stable outlook for Scripps Health.
Fitch cited Scripps’ strong operational track record, consistent reinvestment in facilities, strength of balance sheet and solid cash flow.
S&P acknowledged Scripps’ low debt levels and pointed to a “strong and stable management team that has proven its ability to execute strategies and deliver strong results for many years,” while also noting the organization’s “strong financial and strategic planning practices.”
Moody's said Scripps "will continue to benefit from a number of fundamental strengths, including its strong brand and market share within San Diego County, its history of strong and stable management, and its favorable balance sheet measures."
“We are pleased with the affirmation of our rating and outlook by both S&P Global and Fitch,” said Chris Van Gorder, president and CEO of Scripps Health. “This vote of confidence in Scripps reflects their belief in the strength of our organization, and in our ability to continue to meet the health care needs of this region into the future.”
Learn more about Scripps Health, a nonprofit integrated health system in San Diego, Calif.