S&P upgrades Pocono Medical Center's bonds to 'A+'

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S&P Global Ratings raised the rating to "A+" from "A-" on East Stroudsburg, Pa.-based Pocono Medical Center's hospital revenue bonds issued by Monroe County Hospital Authority.

 

The upgrade reflects Pocono Medical Center's affiliation with "A+" rated Allentown, Pa.-based Lehigh Valley Health Network, which has a good market position, strong leadership and financial profile that aligns with expectations, according to S&P.

The outlook is stable, reflecting S&P's expectation that LVHN's leading market position will remain, especially with recent improvements in the network's finances. 

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