Moody's Investors Service has assigned an "Aa2" rating to $200 million of Falls Church, Va.-based Inova Health System's series 2014A revenue bonds to be issued through the Industrial Development Authority of Fairfax County.
The rating assignment was supported by a number of factors, including Inova's consistently conservative approach to debt and investment management. The assignment was also supported by the system's strong market position, capturing 55 percent of the market in its service area.
Inova also faces some challenges, which were considered for the rating assignment, such as slowed patient revenue growth in recent years.
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