SAN FRANCISCO (S&P Global Ratings) Sept. 14, 2016--S&P Global Ratings assigned its 'AA-' long-term rating to Providence St. Joseph Health (PSJH) Wash.'s $341 million taxable series 2016H and $341 million taxable series 2016I bonds. The outlook is stable. "The rating assignment reflects PSJH's very strong enterprise profile characterized by excellent geographic and financial dispersion, generally strong market positions in its eight natural regionally centered markets, and a strong, forward-looking management team that has moved very quickly to create a unified management and board structure for the newly formed organization," said S&P Global Ratings analyst Martin Arrick. "The rating also reflects an adequate financial profile characterized by a general sound post-merger balance sheet, combined with an operating profile that, while historically
