Moody's Investors Service has affirmed the "A3" rating on Chillicothe, Ohio-based Adena Health System's outstanding bonds.
The rating affirmation is based on Adena's multi-year trend of stable operating performance, maintenance of liquidity and solid debt coverage metrics.
Adena also faces several challenges, including its volume volatility and high reliance on governmental payers.
The outlook is stable, reflecting Moody's Investors Service's expectation that Adena will maintain its current levels of operating performance, liquidity and debt coverage.
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