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.