The affirmation is a result of several factors including the hospital’s strong market position, limited competition, healthy financial performance and improving liquidity metrics. Moody’s also acknowledged KDH’s small operating size, heavy debt burden and variable operating performance.
The outlook is stable reflecting Moody’s expectation that operating performance will continue to help liquidity metrics improve to offset the large debt load.
More articles on healthcare finance:
Lurie Children’s Hospital receives $3.5M from Chicago Cubs first baseman
17 donations, grants to healthcare organizations in August
6 recent hospital, health system outlook and credit rating actions
