Moody's Investors Service has revised Allentown, Pa.-based Lehigh Valley Health Network's outlook to negative from stable.
The change reflects Moody's Investors Services' expectation that LVHN's liquidity will remain constrained and below expectations.
Moody's also assigned an "A1" rating to LVHN's proposed $134.3 million of series 2016A revenue bonds and affirmed the "A1" rating on LVHN's outstanding rated debt.
The rating assignment and affirmation are based on several factors, including LVHN's market position as the leading health system in its primary service area.