GREEN BAY— Standard & Poor’s Rating Service recently affirmed Bellin Health’s bond rating, citing the health system’s stability and performance.
S&P affirmed its rating for Bellin, an A-, and graded the health system’s long-term future as stable. In 2006, S&P upgraded Bellin to an A- from BBB+.
In its rating report, S&P noted a history of solid financial performance, a stable business position, and a forward-looking and strategic management team. In addition, the report cited improvements made in reducing the length of patient stay, coding and documentation, and cost containment.
George Kerwin, Bellin Health president and CEO, applauded Bellin’s staff for the continued success and demonstrated stability.
“These ratings reaffirm the hard work and vigilance within our organization – especially noteworthy in a challenging economy,” he said. “As stewards of the community, we are mindful of controlling expenses while continuing to provide excellent care.”