Moody's upgrades PinnacleHealth System's rating to 'A2'

Moody's Investors Service has upgraded Harrisburg, Pa.-based PinnacleHealth System's rating to "A2" from "A3," affecting nearly $300 million of debt.

The upgrade is based on several factors, including its multiple years of sustained strong margins, completion of a large capital program and increase in liquidity.

The outlook is stable, reflecting PinnacleHealth's sustained operating cash flow margins and lack of new material debt.

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars