~ Press release provided by Valley Health
WINCHESTER, July 11 — Valley Health System (VHS) announces a reaffirmation of its credit ratings from S&P Global and Moody’s Investors Services.
In a recent credit analysis, S&P Global Ratings has affirmed Valley Health System’s financial stability and performance, issuing an A+ rating. In addition, Moody’s Investor Services has also reaffirmed its A1 rating, reflecting Valley Health’s consistently stable operating performance.
In their analysis, S&P noted, “The rating reflects steady growth in volumes, which we expect will continue as the system plans to increase its physician base and invest in expanding key service lines.” Additionally, “the system benefits from a solid management team, focusing on maintaining high-quality standards, ambulatory and clinical growth, and investment in technological capability across a broad range of organizational functions.”
“We are pleased with this reaffirmation by Moody’s and S&P,” said Mark Nantz, President and CEO, Valley Health. “This recognition underscores our commitment to sound financial management and operational excellence. Our strong financial health enables us to continue investing in state-of-the-art facilities, cutting-edge technology, and top-tier talent, all of which are essential to providing the highest quality care to our community.”
The rating reflects “Valley Health System’s robust market presence, effective management and sustainable growth as well as its substantial reserves,” according to the report issued by Moody’s. The outlook for Valley Health System is stable, as Moody’s expects the health system to continue its healthy operating performance.
Moody’s and S&P Global supply credit ratings, research, and risk analysis for companies across the world including local governments and larger organizations.
“Maintaining a strong bond rating allows us to access capital markets at favorable interest rates, which is essential for funding our long-term projects,” said Bob Amos, CFO, Valley Health. “This strong rating is a reflection of our financial strategies and disciplined approach to managing our resources. By securing favorable interest rates, we can effectively allocate funds towards critical initiatives such as expanding our healthcare facilities, investing in advanced medical technologies, and enhancing patient care services.” Nantz summarized his thoughts, noting “Our financial stability is crucial as we strive to deliver exceptional healthcare services and uphold our commitment to improving the overall health and well-being of those we serve.”
Learn more about Valley Health,
visit https://www.valleyhealthlink.com/
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