S&P assigns 'A-' rating to St. Luke's University Health Network's bonds

S&P Global Ratings assigned its "A-" rating to Bethlehem, Pa.-based St. Luke's University Health Network's series 2018A and 2018B revenue bonds.

Concurrently, S&P affirmed its "A-" rating on St. Luke's outstanding debt.

"The "A-" rating reflects our opinion of SLUHN's increasing market share in its primary service area, healthy volume growth, and very strong leadership team that has demonstrated operational success and strong project management," said S&P credit analyst Margaret Carr.

The outlook is stable, reflecting St. Luke's strong enterprise profile and experienced management team.

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