Moody's Investors Service has affirmed the "Aa3" rating assigned to Lancaster (Pa.) General Hospital's bonds, affecting approximately $186.5 million of rated debt.
The rating affirmation is based on several factors, including Lancaster's position as a regional tertiary referral center and the largest acute care provider in the service area with a leading market position and solid operating performance.
Lancaster also faces several challenges, including slow revenue growth, sizable comprehensive liabilities and its modest size relative to "Aa3" peers.
The outlook is stable, reflecting Moody's belief that Lancaster will continue to sustain debt measures, produce strong financial results and maintain its leading market position.
More hospital outlook and credit rating actions:
Moody's assigns 'Aa3' to Cedars-Sinai Medical Center's bonds
Moody's affirms Wayne Memorial Hospital's 'Baa1' rating
Moody's affirms Children's Hospital of Los Angeles' rating