...April 18, 2024 ENGLEWOOD (S&P Global Ratings) April 18, 2024--S&P Global Ratings revised its outlook to stable from negative and affirmed its 'A+' long long-term rating on the Salem Hospital Facility Authority, Ore.'s series 2016A and 2019A revenue bonds, issued for Salem Health. "The outlook revision to stable reflects Salem Health's improved operating performance in fiscal 2024 due to the successful implementation of a financial plan and its declining reliance on contract labor," said S&P Global Ratings credit analyst David Mares. "The rating further reflects our view of management's expectation for ongoing good financial performance, supported by reserve growth and solid balance sheet metrics," Mr. Mares added. Salem Health's revenue bonds are secured by a gross receivable pledge of the obligated group. Salem Health serves the city of Salem, the capitol of Oregon, as well as the city of Keizer and areas of Marion and Polk counties and is the sole provider of most acute-care services...
