S&P raises Pinnacle Health System's rating to 'A+'

S&P Global Ratings Services has raised its long-term rating to "A+" from "A" on Harrisburg, Pa.-based Pinnacle Health System's existing revenue debt.

S&P also assigned an "A+" long-term rating to PHS' $100.5 million of series 2016A revenue bonds.

"The rating action reflects our view of PHS' solid financial performance in fiscal 2015 and through the first three quarters of 2016, supporting a good balance sheet with continued growth in unrestricted reserves," said S&P credit analyst Allison Bretz.

The outlook is stable, reflecting S&P's opinion of PHS' stable market position, year-over-year net patient revenue growth and adequate balance sheet metrics.

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