Moody's upgrades UNC Hospital's outlook to stable

Moody's Investors Service has affirmed Chapel Hill-based University of North Carolina Hospital's "Aa3" and "Aa3/VMIG 1" debt ratings and upgraded the hospital's outlook from negative to stable.

The rating affirmation was supported by a number of factors, including the hospital's strong market position and strong cash flow generation.

UNC Hospital also faces some challenges, which were considered for the rating affirmation, such as having a debt structure that utilizes a significant amount of variable rate debt that requires liquidity support.

The outlook revision reflects significant improvement in financial performance and cash flow in fiscal year 2015, according to Moody's.

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