Moody’s and Standard & Poor’s assign Mercy Medical Center A-level credit ratings with stable outlook
Moody’s Investors Service has assigned an A2, and Standard & Poor’s an A+ credit rating, with a stable outlook, to Mercy Medical Center. The credit analysis factors the financial performance of Mercycare Service Corporation and related organizations such as Mercy Care Management, Inc., physician practices, and the Mercy Medical Center Foundation. The assignment and affirmation of the ratings and stable outlook reflect Mercy’s continued favorable operating performance in fiscal year 2012 and the impact of additional borrowing.
Mercy will issue bonds to finance various capital expenditures including those associated with the implementation of the Epic clinical and revenue cycle system, which is expected to be completed in June 2013.
Mercy has maintained its Standard & Poor’s A+ rating since 2003.