Moody's affirms ' Baa2' bond rating for King's Daughters' Health

Moody's Investors Service affirmed its "Baa2" rating on series 2010 revenue bonds for Madison, Ind.-based King's Daughters' Health.

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. 

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