Moody's Investors Service has assigned a "Baa2" rating to Plainsboro, N.J.-based Princeton HealthCare System's proposed $212 million of series 2016A healthcare revenue bonds.
The rating assignment is based on a number of factors, including PHS' growing market share in its primary service area and its recent improvement in operating performance.
The outlook is stable, reflecting Moody's expectations that PHS' recent improvement in financial results should be durable given better reimbursement, revenue growth and expense control initiatives.