Moody’s Improves Bellin’s Financial Outlook from Stable to Positive

Maintains A2 rating; solid operations, low debt cited in report

Moody’s Investors Service has affirmed Bellin Health’s A2 bond rating and upgraded its rating outlook from stable to positive, citing multiple factors including a long history of solid operations and low debt load.

The rating reflects continued strength for Bellin’s bonds. In 2001, the health system was assigned a Baa1 rating, and it has been upgraded twice since that time.
In its ratings report on Bellin Health, Moody’s noted:
• Bellin’s position as a low-cost, high-quality provider, and ongoing investment in key service lines
• Assumed maintenance of favorable operating cash flow and liquidity strength based on a long history of solid operations
• Low debt load providing cushion for additional leverage to fund strategic inititiaves
• A stable market share and demographically favorable service area

“This latest rating from Moody’s reflects Bellin Health’s ongoing commitment to serve our patients and communities with the highest quality care and best possible experience, all while ensuring we act as good stewards of our resources,” said Bellin Health President & CEO Chris Woleske. “Low cost and high quality are the hallmarks of what we do, and we are pleased to see that focus called out in this report.”