The affirmation is a result of several factors, including the hospital’s leading market position, favorable leverage metrics and low cost structure. Moody’s also acknowledged the hospital’s small size and the uncertainty surrounding Connecticut’s state tax program and Medicaid funding.
The outlook is stable, reflecting Moody’s expectation that Middlesex Hospital will see a stable or improved operating performance in the near-term.
More articles on healthcare finance:
9 recent hospital, health system outlook and credit rating actions
Broward Health Foundation launches fundraiser for Florida school shooting victims
Moody’s: Nonprofit hospital rating downgrades rose sharply in 2017
