Moody's Investors Service has affirmed Camden, N.J.-based Cooper Health System's "Baa2" bond rating and revised the system's outlook to positive from stable.
The outlook upgrade to positive was based on various factors, including Cooper's annual financial performance improvement.
The system's strengths were considered for the rating affirmation, such as its role as a large teaching and safety-net tertiary provider in southern New Jersey.
Cooper also faces some challenges, which were considered for the rating affirmation, including operating in a highly competitive market.
More articles on healthcare finance:
CMS unveils overhaul to Medicaid managed care: 10 key points
10 recent hospital outlook and rating actions
Cone Health operating income soars 128% in Q1