Moody's affirms 'Aa3' rating on WellSpan Health's bonds

Moody's Investors Service affirmed the "Aa3" rating on York, Pa.-based WellSpan Health's bonds, affecting approximately $274 million of debt.

The ratings affirmation is based on a variety of factors, including the health system's strong and broadening market position, manageable direct leverage and its track record of healthy financial performance.

The outlook is stable, reflecting Moody's Investors Service's expectation the health system will continue to maintain operating margins at least in line with fiscal year 2016 and its ability to manage its elevated capital spending.

More articles on healthcare finance:
Moody's affirms 'A1' rating on Jackson-Madison County General Hospital's outstanding debt
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Moody's assigns 'A1' rating to Children's Hospital & Medical Center's bonds

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