S&P affirms St. Joseph Healthcare System's 'BBB-' rating

S&P Global Ratings has affirmed the "BBB-" rating on Paterson, N.J.-based St. Joseph Healthcare System's series 2008 bonds.

"We assess the enterprise profile as strong with SJHS serving a large population and maintaining dominant market share," said S&P analyst Jessica Goldman.

The outlook is positive.

S&P also assigned a "BBB-" rating to the New Jersey Health Care Facilities Financing Authority's series 2016 bonds.

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