...S&P Global Ratings assigned its '##-' long-term rating on the Indiana Finance Authority's $115.465 million series 2017A. The bonds will be issued for Parkview Health System Obligated Group (Parkview). The outlook is stable. We note that the series 2017A bonds are being issued to partially refund the series 2009A bonds. At the same time, a portion of the series 2009A reserve fund will also be released to unrestricted cash. The ratings reflect our view of Parkview's strategic direction, which sustains the leading market position that has grown over the years. Also, Parkview has been able to successfully fill the vacant chief financial officer (CFO) role with a highly capable person who will help to further execute at a high level the strategic plans that were shared with S&P Global Ratings. While the system continues to align itself with and/or acquire other health care providers in the area, it continues to strengthen the physician base and open access to patients. Despite an anticipated...
