AdaptHealth sees ratings upgrade by Moody’s
By HME News Staff
Updated 9:28 AM CST, Wed January 28, 2026
CONSHOHOCKEN, Pa. – AdaptHealth has announced that Moody’s Rating has recently upgraded its ratings, including the corporate family rating from Ba3 to Ba2 and the senior unsecured notes rating from B1 to Ba3. "Moody’s Ratings’ upgrade follows S&P Global Ratings’ upgrade of our issue-level rating on our senior unsecured debt in November 2025 and is yet another important recognition of the actions we are taking to strengthen our balance sheet, improve our risk profile and increase our financial flexibility," said Suzanne Foster, CEO of AdaptHealth. "This includes a meaningful reduction in the balance of our term loan A since the third quarter of 2024, funded by our strong free cash flow generation by proceeds from dispositions of non-core assets to sharpen our strategic focus. Debt reduction remains among our highest capital allocation priorities, as we believe a strong balance sheet is essential to unlocking and sustaining value for shareholders." In November, AdaptHealth announced that S&P Global Ratings recently upgraded the issue-level rating on the company’s senior unsecured debt to “BB-” from “B+” and revised its recovery rating to “4” from “5.” S&P highlighted that the upgrade follows $225 million of year-to-date prepayment of its senior secured term loan A due in 2029. This, S&P said, increases recovery prospects for AdaptHealth’s unsecured notes in the rating agency’s hypothetical default scenario.
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