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Credit Rating Agencies Improve Outlook

A message from M. Michelle Hood, FACHE, Northern Light Health President and CEO:

I am pleased to share that both Moody's Investors Service (Moody’s) and Standard and Poor’s Global Ratings (S&P) revised the Northern Light Health investment outlook from negative to stable in late July, affirming their Ba1 and BBB ratings respectively.
 
The rating agencies recognized the tremendous work we have accomplished in the last year, and it is an affirmation that Northern Light Health is securing a stable and secure financial future as we undergo a significant transformation of our infrastructure, technology platforms, and business operations. In their reports, the agencies acknowledged the benefits we’re seeing from Pathways to Our Future initiatives and commended Northern Light Health’s healthy enterprise profile, stable balance sheet, and favorable trend of earnings, which have led to the improved outlooks. While our organization still has much work ahead, I am encouraged by this progress.
 
Below, you will find the link to our press release, frequently asked questions about our bond ratings, and full copies of the agencies’ reports. If you have any questions, please send them to AskMichelle@northernlight.org.
 
Our success is owed to our team members at Northern Light Heath who come together to make healthcare work better for the people we serve. I deeply appreciate your hard work and out-of-the-box thinking, which is creating meaningful change for our patients in the decades to come.

http://intranet.emhs.org/EMHS/News/2019/Credit-Rating-Agencies-Improve-Outlook.aspx