Moody's upgrades Hackensack University Medical Center's rating to 'A2'

Moody's Investors Service has upgraded Hackensack (N.J.) University Medical Center's rating to "A2" from "A3."

"Hackensack University Medical Center has worked hard to ensure a positive and stable financial future, demonstrating fiscal responsibility while also investing in the healthcare of tomorrow," Robert Garrett, co-CEO of Hackensack Meridian Health, said in a statement. "We are pleased that this new Moody's upgraded rating, in combination with the recent Standard & Poor's Global Ratings upgrades, reflects Hackensack Meridian Health's strength and vitality as a combined network."

The outlook is positive.

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