The affirmation of AVHD’s rating reflects the hospital’s strong financial performance. AVHD has consistently generated double-digit cash flow margins and maintained favorable levels of unrestricted cash and investments. AVHD maintains healthy liquidity with $49 million or 298 days cash on hand as of Dec. 31, 2013.
The affirmation of the hospital’s stable outlook reflects the expectation AVHD will continue to have strong financial performance and favorable liquidity levels.
More Articles on Hospital Credit Ratings:
Fitch Upgrades Stanford Hospital & Clinics’ Rating to ‘AA’
Moody’s Affirms Bellin Memorial Hospital’s ‘A2’ Rating
Fitch Affirms “BBB” Rating for Tufts Medical Center
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