Moody's revises Main Line Health System's outlook to positive

Moody's Investors Service has revised the outlook to positive from stable on Philadelphia-based Main Line Health System's series 2010A and series 2012A bonds and affirmed the system's "Aa3" rating, affecting $200 million.

In 2014, Jefferson Health System changed its name to Main Line Health System. At that time, Thomas Jefferson University Hospital System and Thomas Jefferson University Hospitals (combined, TJUH) were removed as obligated group affiliates.

The outlook revision is based on several factors, including the expected continuation of strong operating margins in the second year following TJUH's separation from MLHS.

The rating affirmation reflects MLHS' strong balance sheet and leading market position in a demographically attractive primary service area.

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