Moody's Investors Service assigned an "A1" rating to Wilmington, N.C.-based New Hanover Regional Medical Center's proposed series 2017 hospital revenue bonds.
Moody's also affirmed the "A1" rating on the medical center's following bonds, affecting approximately $276 million of rated revenue bonds, including:
- Series 2013 bonds
- Series 2011 bonds
- Series 2008A bonds
- Series 2008B bonds
- Series 2006A bonds
- Series 2006B bonds
The ratings assignment and affirmation are based on a number of factors, including NHRMC's leading market position and continued strong operating performance.
The outlook is stable, reflecting Moody's Investors Service's expectation NHRMC will maintain its competitive position and that its operating performance and liquidity metrics will remain in line with previous years.