Moody's affirms Holy Redeemer Health System's 'Baa3' rating

Moody's Investors Service has affirmed Meadowbrook, Pa.-based Holy Redeemer Health System's "Baa3" rating, affecting approximately $76 million of debt.

The rating affirmation is based on a number of factors, including Holy Redeemer's low revenue growth and challenges operating in a competitive Philadelphia market with concentrated payers.

The outlook is stable, reflecting expected maintenance of balance sheet strength to mitigate risks of volume declines in a competitive market.

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