As of Aug. 1, LGH entered into an affiliation agreement with Philadelphia-based University of Pennsylvania Health System, which S&P currently rates as “AA-” and stable.
“The revised outlook reflects our view that LGH’s rating cannot be higher than its group, UPHS,” said S&P credit analyst Jessica Goldman. “The ratings reflect our assessment of LGH’s healthy balance sheet, characterized by low leverage and above-median level liquidity.”
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