Moody's affirms 'A2' rating for University of Maryland Medical System

Moody's Investors Service affirmed its "A2" rating for the Baltimore-based University of Maryland Medical System, affecting $1.1 billion of outstanding debt.

The rating favorably acknowledges that the system's strong brand and leadership position, combined with its substantial geographic reach, will continue to lead to a notable market share and high patient demand. However, the rating will remain constrained by a modest balance sheet, a competitive operating environment and significant capital spending plans.

The rating outlook remains negative.

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