The rating affirmation is based on a number of factors, including ORMC’s sustained improvement in operating performance and meaningful increases in liquidity.
The credit rating agency also revised the rating to “Baa3” from “Ba1” on ORMC’s $300 million of debt.
The outlook is stable, reflecting Moody’s Investors Service’s expectation that ORMC’s market position will continue to support a favorable operating performance.
More articles on healthcare finance:
S&P assigns ‘BBB-‘ rating to Columbus Regional Healthcare System’s certificates
S&P assigns ‘BBB-‘ rating to Henry Mayo Newhall Hospital’s bonds
Moody’s assigns ‘Baa3’ rating to Northern Hospital District of Surry County’s bonds
