Fitch Ratings, S & P Global Ratings and Moody’s Investors Service have affirmed Scripps Health’s AA rating and stable outlook.
“We are pleased with the rating agencies’ affirmation of our rating and outlook,” said Chris Van Gorder, president and CEO of Scripps Health. “We believe we are doing what it takes to succeed in a new and challenging health care environment, made even more so by COVID-19. These ratings are indicative of the agencies’ belief in the strength of Scripps, and in our ability to continue to meet the health care needs of this region into the future.”
S & P cites Scripps’ “strong management team that has proven its ability to execute strategies and deliver strong results for many years,” while Moody’s echoes the strength of the management team, noting the “stable and seasoned management team, which, over the last 19-plus years, has overseen a fundamental transformation of the organization.” In addition, Moody’s cites Scripps’ strong brand and market share within San Diego County, factors Fitch also notes in its rating.
Learn more about Scripps Health, a nonprofit integrated health system in San Diego, Calif.