The ratings affirmation is based on a variety of factors, including the medical center’s stable and good market share in a service area with strong wealth levels and stable cash flow margins.
The outlook is stable, reflecting Moody’s Investors Service’s expectation the medical center will continue to maintain a financial performance similar to the results it achieved in fiscal year 2016.
More articles on healthcare finance:
Moody’s downgrades Peninsula Regional Medical Center’s rating to ‘A3’
Moody’s withdraws rating on Conway Medical Center’s bonds
Fitch affirms ‘A+’ rating on Palomar Health’s bonds
