Moody's affirms Palmetto Health Alliance's bond rating

Moody's Investors Service has affirmed the "Baa1" ratings assigned to Columbia, S.C.-based Palmetto Health Alliance's bonds.

The rating affirmation was based on a number of factors, including Palmetto's stable market position and solid balance sheet metrics.

Palmetto's challenges were also considered for the rating affirmation, including the system's potential acquisition of a financially challenged hospital.

Palmetto's outlook is stable.

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