Moody’s Ratings has upgraded Kettering Health’s credit rating from “A2” to “A1,” placing the system in the upper tier of Moody’s investment-grade rating scale. The upgrade is indicative of Kettering Health’s strong financial performance and solid position within a competitive healthcare environment.

Ratings from Moody’s are widely recognized measures of an organization’s financial strength and ability to meet its debt obligations. Kettering Health’s improved rating is expected to enhance access to capital at more favorable interest rates, reducing borrowing costs and enabling the system to reinvest in initiatives that advance its mission to promote and restore health. The upgrade also underscores the organization’s strong balance sheet, disciplined financial management, and stable operating performance.

“This upgrade reflects the dedication and hard work of our entire team and the strong foundation we’ve built together,” said Tim Ko, chief financial officer of Kettering Health. “It strengthens our ability to continue investing in high-quality care and serving our communities.”

Moody’s Ratings is a global credit rating agency and a subsidiary of Moody’s Corporation, providing credit opinions, research, and risk analysis on organizations across industries.

“Kettering Health’s (KH; A1 stable) credit quality reflects its strong market position and growing geographic footprint around Dayton supported by an increasingly strong balance sheet and financial performance,” stated the report from Moody’s. “The system maintains substantial liquidity of around 230 days cash and manageable leverage which supports ongoing growth and capital spending.”