Additionally, Moody’s affirmed the “A2” rating on debt guaranteed by Orlando Health on Orlando, Fla.-based South Lake County Hospital District’s series 2010 bonds, affecting $30.7 million of outstanding debt.
The affirmations are a result of several factors, including Orlando Health’s substantial improvement to debt service coverage, disciplined approach to capital spending and strong market position.
The outlook was revised to positive from stable reflecting Moody’s expectation that Orlando Health’s strong financial performance will continue, liquidity will improve and cash flow will support current capital plans.
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