| For immediate release: Sept. 27, 2011 |
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Gary Kimsey 970.495-7427 | 970.689.2512
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Standard & Poor's affirms PVHS "A" bond rating
Standard & Poor's announced today that it affirmed Poudre Valley Health System's "A" bond rating, with a stable outlook, following an annual review of the health system.
The national rating firm stated the continuation of the "A" bond rating "reflects our view of PVHS' sound credit profile highlighted by consistent earnings, a strong business position and a solid balance sheet."
The rating is for $390 million in revenue bonds issued for a variety of capital construction projects, including construction of the Medical Center of the Rockies, Loveland, and renovation and construction in areas of Poudre Valley Hospital and the PVHS outpatient Harmony Campus, Fort Collins.
Rulon Stacey, PVHS president and CEO, said the continued financial strength of PVHS reflects the commitment of employees, physicians and volunteers to maintain high quality patient care while minimizing expenses.
"This strategy has become woven into our corporate fabric," Stacey said.
This is the second time in little more than a month that a national bond rating has announced the continuation of a high bond rating for PVHS. In late August, Moody's Investors Service released its annual review of PVHS and affirmed the health system's rating of A2.
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