Moody’s affirms ‘Aa3’ rating for Midland County Hospital District

Moody’s Investors Service affirmed the “Aa3” rating for Midland County (Texas) Hospital District.

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The district operates Midland (Texas) Memorial Hospital. The affirmation reflects the district’s ability to produce strong operating margins despite near-term liquidity and recruitment challenges. The rating further reflects the district’s weakened balance sheet through fiscal year 2018 as a result of various operating pressures.

The rating outlook remains stable.

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