Moody's affirms 'Aa3' rating on Piedmont Healthcare

Moody's Investors Service affirmed its "Aa3" rating on Atlanta-based Piedmont Healthcare, affecting $842 million of outstanding debt.

The affirmation is a result of several factors, including the health system's favorable financial performance, strong market position and effective management strategy. Moody's also acknowledged Piedmont's aggressive growth strategy that will likely impact leverage and liquidity metrics.

The outlook remains negative, reflecting Piedmont's aggressive growth strategy that will likely cause higher leverage, declines in liquidity and integration risks.

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