Moody's affirms 'Ba1' rating on Saint Peter's University Hospital's debt
Moody's Investors Service affirmed the "Ba1" rating on New Brunswick, N.J.-based Saint Peter's University Hospital's $149 million of outstanding debt.
The ratings affirmation is based on a number of factors, including the hospital's stable, break-even financial performance and strong revenue growth across various service lines.
The outlook is stable, reflecting Moody's Investors Service's expectation the hospital will continue to achieve consistent operating results as it diversifies its revenue streams, as well as SPUH's continued ability to operate within a narrow corridor of financial flexibility that should continue over the near term.
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