Moody's Investors Service has assigned a "Baa3" rating to Huntingdon Valley, Pa.-based Holy Redeemer Health System's $48.6 million of series 2014A fixed rate bonds.
The rating assignment was supported by a number of factors, including the system's growth in unrestricted investments and its improved debt measures. Holy Reedemer has 187 days cash on hand.
The system also faces some challenges, which were considered for the rating assignment, such as facing significant competition from hospitals in the
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