Moody's Investors Service affirmed its "A3" rating on Nolan County Hospital District's, general obligation limited tax debt. Nolan County Hospital District does business as Rolling Plains Memorial Hospital.
The affirmation is a result of several positive and negative factors, including the hospital district's tax base stability, narrow cash position, increased patient receivables and conservative debt burden.
Moody's said the outlook is negative due to volatility in the hospital district's unreserved liquidity position.
Nolan County Hospital District provides health services such as inpatient care, emergency care, sleep studies, outpatient labs and more to the communities of the county.