Moody’s also affirmed the “Aa3” rating on Franciscan’s $938 million of debt.
The rating assignment is based on a number of factors, including Franciscan’s strong rebound of operating metrics, which has translated into balance sheet strengthening and well-positioned individual hospitals.
Offsetting these strengths are Franciscan’s large capital spending and competition in most markets.
The outlook is stable, assuming operating and balance sheet measures will remain durable.
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