Moody’s revises Cooper Health System’s outlook to positive

Moody’s Investors Service has affirmed Camden, N.J.-based Cooper Health System’s “Baa2” bond rating and revised the system’s outlook to positive from stable.

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The outlook upgrade to positive was based on various factors, including Cooper’s annual financial performance improvement.

The system’s strengths were considered for the rating affirmation, such as its role as a large teaching and safety-net tertiary provider in southern New Jersey.

Cooper also faces some challenges, which were considered for the rating affirmation, including operating in a highly competitive market.

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