Moody's Investors Service affirmed its "A3" rating on Savannah, Ga.-based St. Joseph's/Candler Health System, affecting $76 million of outstanding debt.
The affirmation is a result of the health system's leading market position and expansive market reach. Moody's also acknowledged the health system's increasingly competitive service area, weaker financials and unfavorable budget due to damages from Hurricane Irma.
The outlook is negative, reflecting the health system's weaker than expected performance through the first half of fiscal year 2018.