Standard & Poor’s on Monday revised its outlook on Ascension Health’s AA rating to positive from stable based on its strong balance sheet.

The rating agency attributed its action to the system’s strengths as the largest not-for-profit health care system in the country, very strong cash flow, established operating performance, and sizeable unrestricted reserves. Ascension has a total of $4.3 billion of outstanding debt under senior and subordinated liens. The subordinated debt is rated AA-minus.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.