Fitch Ratings affirmed its “BBB” rating on Meadowbrook, Pa.-based Holy Redeemer Health System’s series 2016A and 2014A revenue bonds, affecting a total of $117 million of debt.
The affirmation is a result of several factors, including the health system’s diverse revenue sources, favorable liquidity metrics and manageable debt load. Fitch also acknowledged the health system’s weaker than average operating results in fiscal year 2017.
The outlook is stable.
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