Moody's revises Catholic Health System's outlook to stable

Moody's Investors Service has revised the outlook to stable from positive and affirmed the "Baa1" rating on Buffalo, N.Y.-based Catholic Health System, affecting $120 million of debt.

The outlook revision is based on Moody's Investors Service's expectation that CHS will maintain its stable operating performance and investment position.

The "Baa1" rating affirmation is representative of several factors, including CHS' leading regional market position, low leverage and adequate liquidity. CHS also faces several challenges, including competition in its primary service area.

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