Moody's affirms 'Ba3' rating for Antelope Valley Healthcare District

Moody's Investors Service affirmed its "Ba3" rating for Lancaster, Calif.-based Antelope Valley Health District, which includes Antelope Valley Hospital, affecting $122 million of revenue bonds.

The rating reflects recent senior leadership turnover at the hospital and Moody's belief that the organization will continue to demonstrate weak governance and additional management turnover.

The rating outlook is revised from stable to negative.  

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