Moody’s affirms ‘A2’ on Riverside Healthcare

Moody’s Investors Service affirmed its “A2” rating on Kankakee, Ill.-based Riverside Healthcare’s bonds, affecting $131 million of debt.

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The affirmation is a result of several factors, including Riverside’s dominant market position, robust liquidity metrics, affiliation with local academic medical centers and strong cash flow margins. Moody’s also acknowledged the health system’s elevated debt burden, modest size and increasingly competitive service area.

The outlook is stable, reflecting Moody’s expectation that Riverside will maintain its strong financial profile. 

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