The rating assignment was supported by a number of factors, including the system’s growth in unrestricted investments and its improved debt measures. Holy Reedemer has 187 days cash on hand.
The system also faces some challenges, which were considered for the rating assignment, such as facing significant competition from hospitals in the Philadelphia market and multi-year declines in patient volumes.
More articles on hospital credit ratings:
Moody’s affirms Temple University Health System’s ‘Ba2’ rating
Moody’s affirms Lafayette General Medical Center’s ‘A3’ rating
6 recent hospital rating and outlook changes, affirmations
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