Moody's Investors Service affirmed its "Aa3" rating to Morristown, N.J.-based Atlantic Health System, affecting $830 million of outstanding debt.
The affirmation is a result of several factors, including the health system's strong market position, consistently strong operating performance and favorable balance sheet ratios. Moody's unfavorably viewed the health system's local market competition and the additional debt it assumed in fiscal year 2017.
The outlook is stable, reflecting Moody's expectation that the health system will continue to diversify revenue streams to generate healthy operating revenue and maintain balance sheet ratios.