Main Line Health System, PA Outlook Revised To Stable From Positive On Lower-Than-Expected 2017 Earnings

NEW YORK (S&P Global Ratings) June 6, 2017--S&P Global Ratings revised its outlook to stable from positive and affirmed its 'AA' rating on Main Line Health System (MLH), Pa.'s $188 million series 2010A and 2012A fixed-rate bonds issued by various authorities. Main Line Health System is the parent company of Main Line Health and was formerly known as Jefferson Health System. At the same time, S&P Global Ratings assigned its 'AA' rating to Chester County Health and Educational Facilities Authority's $105.5 million series 2017A fixed-rate bonds issued for Main Line Health System. The outlook is stable. Bond proceeds will be used to expand Lankenau Medical Center's emergency department and for a major expansion and renovation project underway at Bryn Mawr

...NEW YORK (S&P Global Ratings) June 6, 2017--S&P Global Ratings revised its outlook to stable from positive and affirmed its '##' rating on Main Line Health System (MLH), Pa.'s $188 million series 2010A and 2012A fixed-rate bonds issued by various authorities. Main Line Health System is the parent company of Main Line Health and was formerly known as Jefferson Health System. At the same time, S&P Global Ratings assigned its '##' rating to Chester County Health and Educational Facilities Authority's $105.5 million series 2017A fixed-rate bonds issued for Main Line Health System. The outlook is stable. Bond proceeds will be used to expand Lankenau Medical Center's emergency department and for a major expansion and renovation project underway at Bryn Mawr Hospital. This rating also assesses $33 million of proposed bank placed debt, which, along with a portion of the 2017A bonds, will be used to partially refinance series 2010A bonds. "The revision to a stable outlook from positive reflects...

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