At the same time, Moody’s affirmed its “A1” rating on LifeBridge Health’s outstanding debt.
The affirmation and assignment are a result of several factors, including the health system’s favorable market position, solid revenue base, good debt coverage and improved balance sheet metrics. Moody’s also acknowledged the health system’s competitive market and sizable capital plans that will stifle balance sheet growth in the near-term.
The outlook is stable, reflecting Moody’s expectation that the health system will maintain its solid financial performance and favorable market share through the period of high capital spending.
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