Moody's Investors Service affirmed its "Baa1" rating on Freehold, N.J.-based CentraState Medical Center's revenue bonds, affecting $38 million of outstanding debt.
The affirmation is a result of several factors, including the medical center's stable operating performance, strong market position, increased patient volume and recent liquidity growth. Moody's also acknowledged CentraState Medical Center's high reliance on government payers, small size and below average leverage metrics.
The outlook is stable, reflecting Moody's expectation that the medical center will keep its favorable market position, build its liquidity and maintain its healthy operating performance.