Moody's assigns 'A2' rating to HonorHealth

Moody's Investors Service assigned an "A2" rating to Scottsdale, Ariz.-based HonorHealth's revenue bonds and affirmed its "A2" rating for the system's outstanding parity debt.

The rating reflects Moody's expectation that HonorHealth will continue to leverage its market position and favorable regional demographics to produce good operating margins.

Ongoing challenges for the system include increased competition and execution risk associated with construction of a new hospital.  

The rating outlook is stable.

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