OREANDA-NEWS. S&P Global Ratings assigned its 'AA-' long-term rating to the Hospital Authority No. 2 of Douglas County, Neb.'s $130.685 million series 2016 tax-exempt revenue bonds and to the Hospital Authority No. 1 of Sarpy County, Neb.'s $136.410 million series 2016 tax-exempt revenue bonds issued on behalf of Nebraska Medicine. The outlook is stable.

"The 'AA-' rating reflects our view of such factors as Nebraska Medicine's position as the premier academic medical center in the growing Omaha service area, strong operating margins, very good coverage, and stable balance sheet," said S&P Global Ratings credit analyst Kevin Holloran.

Bond proceeds will be used to finance the acquisition of Bellevue Medical Center, reimburse the health system for previous capital spending, refinance short-term capital leases, and provide some additional funding for ongoing capital projects.

The outlook reflects our view of Nebraska Medicine's strong credit fundamentals in terms of its solid business position and stable and strengthening financial profile.