Moody's affirms 'A2' rating for Mary Greeley Medical Center

Moody's Investors Service affirmed its "A2" rating for Ames, Ia.-based Mary Greeley Medical Center, affecting $64 million of outstanding revenue bonds.

The affirmation reflects Moody's expectation that the hospital will continue to produce double- digit cash flow margins and grow liquidity. The financial performance will be supported by their strong market position as the only acute care provider in the county.

The rating outlook is stable.

More articles on healthcare finance:

Kaiser's net income dips 23% in first 9 months of 2018
Some hospitals underpaid due to faulty Medicare wage index
Tower Health attributes operating loss to Epic install, acquisition costs

© Copyright ASC COMMUNICATIONS 2021. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.