Moody's Investors Service has affirmed the "A3" rating assigned to bonds issued on behalf of Baptist Health Care, a regional four-hospital health system headquartered in Pensacola, Fla.
The rating affirmation was supported by a number of factors, including the system's strengthened market position and solid profitability.
Baptist Health Care also faces some challenges, which were considered for the rating affirmation, such as having higher than average leverage at the "A3" rating level.
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