Moody’s assigns ‘A3’ rating to Adena Health System’s bonds

Moody’s Investors Service has assigned an “A3” rating to Chillicothe, Ohio-based Adena Health System’s proposed series 2017 hospital facilities revenue refunding and improvement bonds.

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Moody’s also affirmed the “A3” rating on Adena’s outstanding bonds.

The rating is supported by Adena’s stable margins, good liquidity and manageable leverage. The bond rating is further supported by the system’s leading market position, according to Moody’s.

The rating outlook is stable, which reflects Moody’s expectations that Adena will maintain its current operating performance and liquidity levels.

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