Moody’s Upgrades Northern Light Health’s Outlook

Date: 05/07/2026

Brewer, Maine (May 7, 2026) – Earlier today, Moody’s revised Northern Light Health’s outlook from negative to stable and affirmed its Ba3 revenue bond rating. This news comes less than a month after S&P Global Ratings also upgraded Northern Light Health’s outlook from negative to stable. The improved ratings reflect the ongoing improvements Northern Light Health has made and continues to implement to build sustainability. 

“We are encouraged by this news from Moody’s and appreciate that they are recognizing the positive steps we are taking,” says James Rohrbaugh, CPA, executive vice president and chief financial officer, Northern Light Health. “This re-affirms that we are heading in the right direction.”

In revising its rating, Moody’s noted the success of Northern Light Health’s robust turnaround plan, which is allowing the healthcare system to reduce operating losses and stabilize cash reserves.

“This is a credit to our team’s commitment across Maine,” says R. Guy Hudson, MD, Northern Light Health president and CEO. “We are moving forward to ensure Mainers have the high-quality care they need now and for generations to come.”

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About Northern Light Health
At Northern Light Health, we’re building a better approach to healthcare because we believe people deserve access to care that works for them. As an integrated health delivery system serving Maine, we’re raising the bar with no-nonsense solutions that are leading the way to a healthier future for our state. Our care team—in hospitals, primary and specialty care practices, long-term and home healthcare, behavioral healthcare, and ground and air medical transport and emergency care—are committed to making healthcare work for you: our patients, communities, and employees. To learn more about Northern Light Health and our locations across Maine, visit www.northernlighthealth.org.