The rating affirmation was supported by various factors such as the hospital’s “dominant market share,” strong unrestricted cash and investments and consistent operating cash flow margins, which averaged 11 percent for the last three years through fiscal year 2014.
The hospital also has challenges, which were considered for the rating affirmation, such as a dependence on a large multi-specialty physician group as well as a “relatively high” dependence on Medicaid and Medicare.
Moody’s also upgraded Blessing’s outlook from “stable” to “positive.”
More articles on ratings:
Fitch upgrades rating on Bon Secours Health System’s bonds
Moody’s affirms ‘A2’ ratings assigned to Baystate Medical Center’s bonds
Moody’s downgrades Reading Hospital and Medical Center’s rating to ‘A1’
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