Fitch Ratings has affirmed the "BB+" bond rating assigned to $308.3 million of series 2012A and B bonds and $208.3 million of series 2007A and B bonds issued on behalf of Philadelphia-based Temple University Health System.
The rating affirmation was supported by a number of factors, including the system's improving operating performance trend. TUHS ended fiscal year 2014 with an operating loss of $15.8 million, which was better than the $24.8 million operating loss in the prior year.
The system also faces some challenges, which were considered for the rating affirmation, such as experiencing a decline in overall patient volumes.
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