Moody's affirms 'Ba3' rating on Antelope Valley Healthcare District's debt

Moody's Investors Service affirmed the "Ba3" rating on Lancaster, Calif.-based Antelope Valley Healthcare District's $126 million of rated debt.

The ratings affirmation is based on AVHD's strong market position and stable cash position.

The outlook is negative, reflecting Moody's Investors Services' expectation the healthcare district will continue to face utilization and labor challenges.

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