Scotland Health Receives A Credit Rating
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- February 10, 2025 | News Category: Hospital News
- Laurinburg, N.C. – Scotland Health is proud to announce that S&P Global has raised it’s bond rating to an “A” from the previous years’ “A-“ credit rating with a stable outlook for Scotland Memorial Hospital. The “A” credit rating serves as a testament to Scotland Health's creditworthiness, robust financial position, and unwavering commitment to long-term sustainability.
S&P's report highlighted Scotland's strong financial profile, emphasizing favorable financial metrics, low debt levels, and solid unrestricted reserves. The long-term management affiliation with Atrium Health was also recognized as a key strength. despite some elevated capital spending, Scotland Health remains in a robust financial position thanks to prudent financial management and strategic planning.
Chief Finance & Operations Officer, Lucien St. Onge, expressed pride in the organization's financial stability and commitment to sustainability, stating, "Maintaining an outstanding financial position as a locally owned non-profit healthcare system is a significant achievement. We are dedicated to remaining financially diligent and upholding our commitment to sustainability."
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