Moody's affirms MultiCare Health System's 'Aa3' rating

Moody's Investors Service has affirmed its "Aa3" revenue bond rating for Tacoma, Wash.-based MultiCare Health System, affecting $882 million of rated debt.

The affirmation reflects Moody's expectation that MultiCare will continue to benefit from strengths such as a large revenue base, an extensive footprint, and good management.

Challenges include modest debt measures for the rating category and overall margins that are below historical averages.

The rating outlook remains negative.

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