Today, Moody’s Investors Service announced that it has affirmed Cooper’s credit rating as Baa1 and upgraded its financial outlook to positive. This affirmation and upgrade in outlook by Moody’s is a very important third-party validation of our strategic direction and all of the hard work that you have been doing to make Cooper the best place to be a patient, the best place to be an employee, and the best place to learn and practice medicine.
In its press release, Moody’s stated that “We expect Cooper Health System will continue to be a leading provider of tertiary and quaternary services for Southern New Jersey market.” Further, Moody’s added our strategic initiatives will “enable the system to maintain the improvement in financial performance” and the “positive outlook reflects our expectation the system will continue to improve operating performance and grow liquidity due to identified strategic endeavors.”
Our improved operational performance and financial results is a testament to the hard work and focus each of you have on creating a better health care experience for our patients and their families. As we begin this new year and identify all of the work needed to execute on our strategic initiatives, we appreciate Moody’s recognition of all of our hard work and our future plans to control our own destiny in this competitive market.
Thank you for your commitment to Cooper and our patients.