After members of CommonSpirit Health's Executive Leadership and Finance teams met in Chicago this past fall with representatives of the three major bond rating agencies to present and discuss a financial review and outlook for the organization, Moody’s has upgraded CommonSpirit’s rating to A3 stable, while both S&P and Fitch have maintained our A- stable outlook.
"We are encouraged by this news and the positive trends in performance that underpin it," said CommonSpirit Chief Financial Officer Dan Morissette. "In the past year we grew our volume and revenue, while dramatically improving our quality and patient satisfaction scores. Our operating environment remains challenging, but the support, innovation and collaboration demonstrated by all of our people gives us reason for cautious optimism that’s amplified by these ratings."
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