Moody's affirms Doylestown Hospital's 'Baa2' rating

Moody's Investors Service has affirmed the "Baa2" rating assigned to bonds issued on behalf of Doylestown (Pa.) Hospital.

The rating affirmation was supported by a number of factors, including the hospital's good financial performance and increasing market share.

Doylestown Hospital also faces some challenges, which were considered for the rating affirmation, such as operating in close proximity to the highly competitive Philadelphia service area.

The hospital's outlook is stable, which reflects Moody's belief that the hospital "will continue to produce consistent operating margins and debt service coverage metrics, and maintain leading market share."

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