Moody's Investors Service has affirmed the "A1" long-term and underlying ratings on Fort Wayne, Ind.-based Parkview Health System's bonds and revised the system's outlook to positive from stable.
The rating affirmation on the nine-hospital system's bonds was supported by a number of factors, including its growing market presence and excellent financial performance.
Parkview Health System also faces some challenges, which were considered for the rating action, such operating in a competitive market.
The outlook revision reflects Moody's expectation that the system "will continue to generate above average operating performance, in the near term, which will result in further deleveraging of the balance sheet and improved debt service coverage metrics."
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