Moody's affirms Torrance Memorial Medical Center's bond rating

Moody's Investors Service has affirmed the "A3" bond rating on Torrance (Calif.) Memorial Medical Center's bonds.

The rating affirmation was supported by a number of factors, including the hospital's strong market share and improved financial performance in fiscal year 2014.

Torrance Memorial also faces some challenges, which were considered for the rating affirmation, such as having low levels of liquidity.


More articles on healthcare finance:

El Paso Children's Hospital considering bankruptcy
5 pieces of advice health system CFOs shared this month
IRS provides guidance on 'Cadillac' health plan tax

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars