CONSHOHOCKEN, Pennsylvania—AdaptHealth Corp., a national provider of providing patient-centered, health care-at-home solutions including home medical equipment (HME), medical supplies and related services, announced that Moody’s Ratings (Moody’s) has recently upgraded the ratings of AdaptHealth, LLC, including the corporate family rating to Ba2 from Ba3 and the senior unsecured notes rating to Ba3 from B1.
Moody's Ratings rank credit ratings for businesses ranging in various categories from lowest to highest. It provides international financial research on bonds issued by commercial and government entities. Along with Standard & Poor's and Fitch Group, Moody's is one of the big three credit rating agencies.
“Moody’s Ratings’ upgrade follows S&P [Standard & Poor's] 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 and 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.”