Moody’s Affirms Bond Rating for Bellin Health
Outlook is stable; healthy payor mix, steady liquidity growth cited in report
Moody’s Investor Services has affirmed Bellin Health’s A2 bond rating and issued a rating outlook of stable, citing a healthy payor mix and expectations of steady liquidity growth, among other factors.
Released earlier this month, the rating reflects continued strength for Bellin’s bonds. In 2001, the health system was assigned a Baa1 rating, and it has been upgraded twice since that time.
In its ratings report on Bellin Health, Moody’s noted:
• The benefits of the health system’s demographically favorable service area
• A healthy payor mix and solid volume trends that will support healthy operating cash flow margins
• Expectations of steady liquidity growth as ongoing capital spending plans are manageable and consistent with prior years
• Ample debt service coverage
• A conservative and modest direct debt profile that will continue to benefit the organization
Chris Woleske, Bellin Health President & CEO, said the tone of the report is positive.
“It is imperative that we serve as good stewards of our resources while maintaining the highest quality care and providing the best possible experience for our patients,” Woleske said. “This focus allows us to continually improve the services we offer while helping patients manage their healthcare costs.”