Fitch Ratings has assigned an "A" long-term rating on approximately $41.8 million of series 2015 revenue bonds to be issued on behalf of East Stroudsburg, Pa.-based Pocono Health System by the Monroe County Hospital Authority.
The rating assignment was supported by a number of factors, including the system's strong liquidity position. As of Dec. 31, 2014, Pocono Health System had 240.2 days cash on hand.
The system also faces some challenges, which were considered for the rating action, such as the unexpected loss of its sole community provider status — a change that could negatively affect profitability, according to Fitch.
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