Moody's assigns 'A1' rating to Lehigh Valley Health Network's bonds

Moody's Investors Service assigned an "A1" rating to Allentown, Pa.-based Lehigh Valley Health Network's proposed $48.6 million of series 2016B bonds.

The rating assignment is based on a number of factors, including LVHN's leading market position and history of strong financial performance.

LVHN also faces numerous challenges, including a number of unrestricted investments following its planned capital investment and rapid growth.

The outlook is negative, reflecting Moody's Investors Service's expectation that LVHN's liquidity will remain below expectations.

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