Moody's affirms Palmetto Health's 'Baa1' rating

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Moody's Investors Service has affirmed Columbia, S.C.-based Palmetto Health's "Baa1" rating, affecting $484 million of debt.

The rating affirmation reflects a number of factors, including Palmetto's large size and important role in its market as an academic medical center and teaching hospital for Columbia-based University of South Carolina School of Medicine.

Palmetto Health also faces several challenges, including integration risks with a recently acquired hospital.

The outlook is stable, reflecting Moody's Investors Service's view that Palmetto will maintain operating performance at its current levels.

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