CHICAGO — Trinity Health Credit Group’s plan to buy Loyola University Health System should bolster the latter’s fiscal standing, though analysts say it’s too early to tell what impact the acquisition will have on Trinity’s balance sheet.

Novi, Mich.-based Trinity — rated in the mid double-A range by all three rating agencies — and Illinois’ Loyola University announced on Friday the signing of a letter of intent for the university to sell its hospital system to Trinity, the fourth-largest Catholic system in the country. Though Loyola Health’s finances are on the upswing, it still faces challenges and is rated at Baa3 with a positive outlook by Moody’s Investors Service.

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