Moody's Investors Service has confirmed the "B1" bond rating assigned to Lebanon, Pa.-based Good Samaritan Hospital, removing the rating from under review.
Here are three things to know about the rating action and Good Samaritan's outlook.
1. The rating action affects $61.6 million of outstanding bonds.
2. The rating confirmation was based on a number of factors, including the completed affiliation between Good Samaritan and "Aa3"-rated York, Pa.-based WellSpan Health, effective July 1.
3. Good Samaritan's outlook is stable, which reflects Moody's opinion "that bondholder risk has been materially mitigated by Good Samaritan's affiliation with WellSpan."