Moody's Investors Service has affirmed York, Pa.-based WellSpan Health's "Aa3" rating, affecting approximately $278.8 million of debt.
The rating affirmation is based on several factors, including WellSpan's strong market position and track record of strong financial performance.
Offsetting these strengths are WellSpan's sizable indirect debt and the heightened competitive environment in which WellSpan operates.
The outlook is stable, reflecting Moody's expectation that WellSpan will sustain its favorable financial performance and solid market presence.
More articles on healthcare finance:
5 most-read finance stories: Week of Jan. 25-29
Fla. Senate subcommittee passes hospital price transparency bill
Authentidate, AEON complete merger