Moody's Investors Service has affirmed the "Baa2" rating on Lancaster, Ohio-based Fairfield Medical Center's $95 million of outstanding rated bonds.
The rating affirmation is based on FMC's leading market position in its primary service area, manageable leverage and growth in investment position.
Offsetting these strengths are FMC's relatively small revenue base and dependency on a small number of admitting physicians for a large share of inpatient admissions.
The outlook is stable, reflecting Moody's expectation that operating cash flow margins will remain at or better than year-to-date 2015 results.