The rating assignment was supported by a number of factors, including the system’s wide regional draw with unique services, location in an economically strong region and improved operations under a new CEO and president.
The rating assignment was also supported by Erlanger’s current refinancing which has improved peak debt coverage despite a growth in absolute debt load.
Erlanger also faces a number of challenges, which were considered for the rating assignment, such as its modest balance sheet and operation in a particularly competitive healthcare market.
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