Moody's affirms Parkview Medical Center's 'A3' rating, outlook stable

Moody's Investors Service has affirmed St. Pueblo, Colo.-based Parkview Medical Center's "A3' rating on $117 million of outstanding revenue bonds and the medical center's stable outlook.

The affirmation of the rating was based on Parkview's strong balance sheet, good market position, conservative asset liability management policies and good debt measures.

Parkview's market share of inpatient admissions is approximately 67 percent. In addition, the hospital's balance sheet measures are strong and improving, with 285 days cash on hand as of June 30.

The maintenance of the stable outlook is based on the expectation Parkview will continue to hold its market position and maintain current levels of profitability.

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