The rating affirmation was supported by a number of factors, including JMCGH’s solid operating cash flow and steady growth in unrestricted liquidity. Over the last five years, the hospital has experienced a 58 percent increase in absolute liquidity.
The rating affirmation was also supported by the hospital’s dominant market presence. As of 2013, JMCGH had a 65.6 percent market share in its primary service area.
The hospital also faces some challenges, which were considered for the rating affirmation, such as being highly dependent on government payers.
More articles on hospital credit ratings:
Moody’s upgrades St. Joseph’s Healthcare System’s rating to ‘Baa3’
Moody’s assigns ‘Aa3′ rating to Providence Health & Services’ bonds
Moody’s revises Mercy Health’s outlook to negative
