S&P Affirms A+ Bond Rating for Bellin Health
Growth, proactive leadership cited in evaluation
Standard & Poor’s Rating Service has affirmed Bellin Health’s A+ bond rating, issuing a rating outlook of stable and assessing the health system’s enterprise profile as strong.
In its ratings report on Bellin Health, S&P noted:
• The health system’s expanding geographic footprint and medical staff
• Continued healthy operations and cash flow
• A well-tenured and proactive leadership team that has strategically driven Bellin’s successful financial performance
In 2015, S&P raised its rating for Bellin to A+ from A, grading the organization’s long-term future as stable. It was the third consecutive upgrade since the health system’s initial BBB+ rating in June 2004.
George Kerwin, Bellin Health president and CEO, said the affirmation reflects Bellin’s commitment to the organization’s core principles.
“We remain committed to providing customers a superior experience while helping them manage healthcare costs,” Kerwin said. “This focus on cost, quality and the patient experience guides everything we do — and is underscored and affirmed by the ongoing strength of our bond rating.”