Moody's affirms 'A2' rating on Lee Memorial Health System's bonds

Moody's Investors Service affirmed the "A2" rating on Fort Myers, Fla.-based Lee Memorial Health System's $307 million of outstanding bonds.

The ratings affirmation reflects the health system's continued strong financial performance in fiscal year 2016 and its leading market share position.

The outlook is stable, reflecting Moody's Investors Service's expectation the health system will continue to maintain favorable operating performance in fiscal year 2017, among other factors.

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