Moody’s Investors Service has upgraded the credit rating of Catholic Health from B3 to B2. The decision reflects improvements in Catholic Health’s operating performance and liquidity.
According to Moody’s, the organization demonstrated strong revenue growth throughout its operations. Part of this growth is attributed to an increase in market share in Niagara County following the opening of Lockport Memorial Hospital. Additionally, Catholic Health has received significant grants from FEMA, which have further improved its financial position.
David Macholz, Chief Financial Officer at Catholic Health, commented on the development: “This upgrade from Moody’s underscores the positive momentum across Catholic Health. It reflects the dedication of our teams, the trust of our patients, and our ongoing commitment to delivering high-quality care while maintaining strong financial stewardship.”
Catholic Health stated that it will continue to focus on advancing its mission and ensuring long-term sustainability for all communities it serves.
