Moody's affirms Mountain States Health Alliance's bond rating

Moody's Investors Service has affirmed the "Baa1" rating on Johnson City, Tenn.-based Mountain States Health Alliance's outstanding debt.

The rating affirmation was supported by a number of factors, including the 13-hospital system's improved financial performance and leading market position in its 29-county service area.

The system also faces some challenges, which were considered for the rating affirmation, such as having a very high leverage position.

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