The rating affirmation was based on a number of factors including CMH’s designation as a critical access hospital, which serves as a mitigating factor for inherent risks to small rural facilities.
CMH also has a strong and consistent operating profitability. The hospital has good cash flow resulting in solid debt service coverage. In addition, the hospital generated a 10.9 percent EBITDA margin through June 30. CMH’s debt burden is modest, with total debt equaling $30.9 million.
More articles on hospital credit ratings:
Moody’s revises OSF Healthcare System’s outlook to stable
Moody’s affirms Ochsner Clinic Foundations’ ‘Baa1’ rating
Fitch affirms Mercy Medical Center’s ‘BB+’ rating, outlook stable
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