Renown Health is the only locally owned, not-for-profit health network in Reno. We answer to no out-of-state owners or shareholders, but to our own board, partners and those for whom we provide care. Since all income earned here stays here, we can provide care where it’s needed most.
Earnings, however, are only a portion of our financial picture. Managing our income to debt ratio is equally important. As such, in 2016, two independent credit rating agencies scored Renown’s financial strength. Standard & Poor’s Ratings Services revised its outlook on Renown from stable to positive and affirmed its “A” rating on revenue bonds provided by various issuers. And, twice last year, Moody’s revised its outlook of Renown. In January, we improved from stable to positive and in June we were upgraded from an A3 to an A2 rating. These ratings are critical because they provide access to capital at more favorable interest rates which is vital to us as we invest and grow to better meet the needs of our patients and the community.