Moody's Investors Service affirmed its "Baa3" rating for St. Charles Parish (La.) Hospital Service District.
The district includes St. Charles Parish Hospital. The rating reflects the district's exposure to significant enterprise risk related to the hospital's limited scope of operations and low liquidity position, though its 15-year management agreement with New Orleans-based Ochsner Health System helps offset these challenges.
The rating outlook is revised from positive to stable.