Moody's assigns 'A2' rating to Pinnacle Health System's bonds

Moody's Investors Service has assigned an "A2" rating to Harrisburg, Pa.-based Pinnacle Health System's $100.5 million of proposed series 2016A fixed rate bonds.

The rating assignment reflects PHS' sustained strong margins, completion of a large capital program, solid liquidity and improved competitive position.

The outlook is stable, reflecting Moody's Investors Service's expectation that PHS will sustain operating cash flow margins.

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