Moody's affirms Holy Redeemer Health System's 'Baa3' rating

Moody's Investors Service affirmed Meadowbrook, Pa.-based Holy Redeemer Health System's "Baa3" rating, affecting approximately $46 million of debt.

The rating affirmation is based on numerous factors, including Holy Redeemer's low revenue growth and challenges operating in a competitive market with concentrated payers.

The outlook is stable, reflecting Holy Redeemer's adequate cash flow and resources.

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