S&P upgrades Saint Peter's hospital's credit rating to BBB+

S&P upgrades Saint Peter's hospital's credit rating to BBB+

Saint Peter’s University Hospital announced an increase to its credit rating Oct. 21. According to the New Brunswick-based health care provider, S&P Global Ratings boosted Saint Peter’s to BBB+ from BBB with a stable outlook. The Oct. 16 announcement from S&P said the move reflects Saint Peter’s track record of positive operating margins, healthy debt service coverage, and solid balance sheet metrics, including declining leverage and generally s…