Moody's affirms Holy Name Medical Center's 'Baa2' rating

Moody's Investors Service has affirmed the "Baa2" rating on Teaneck, N.J.-based Holy Name Medical Center's $106.9 million of outstanding debt.

The rating affirmation is based on several factors, including Holy Name's solid market position, consistent operating performance and strong revenue growth.

The medical center also faces numerous challenges, including its location in the highly competitive New Jersey market.

The outlook is stable, reflecting Moody's expectation that Holy Name will maintain stable liquidity and continue to show consistent operating performance.

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