Moody's Investors Service affirmed its "Baa1" rating on Camden, N.J.-based Cooper Health System's revenue bonds issued by the Camden County Improvement Authority and New Jersey Economic Development Authority, affecting $240 million of outstanding debt.
The affirmation is a result of several factors, including the health system's favorable revenue growth, solid revenue base, strong regional presence and advantageous leverage metrics. Moody's also acknowledged Cooper Health System's risks of high exposure to governmental payers and competitive market.
The outlook is stable reflecting Moody's expectation that the health system will maintain favorable operating margins and continue to improve liquidity.