Moody's affirms 'A2' rating on Bon Secours Health System

Moody's Investors Service affirmed its "A2" rating on Marriottsville, Md.-based Bon Secours Health System, affecting approximately $517 million of debt.

The affirmation is a result of several factors, including the health system's large size, strong governance structure, stable operating margins and improved balance sheet metrics. Moody's also acknowledged the health system's highly competitive market, heavy debt burden and profitability that is greatly concentrated in one market.

The outlook is stable, reflecting Moody's expectation that Bon Secours will maintain sufficient operating margins to further improve balance sheet metrics.

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