Moody's affirms Jupiter Medical Center's bond rating: 3 things to know

Moody's Investors Service has affirmed the "Baa2" rating assigned to Jupiter (Fla.) Medical Center's series 2013A bonds, affecting $48.7 million of debt.

Here are three things to know about the rating affirmation and the medical center's outlook.

1. The rating affirmation was supported by a number of factors, including Jupiter's growing balance sheet resources following more consistent financial performance, strong market share of its wealthy service area and a solid management team, which has demonstrated fiscal restraint and proactively managed
information technology, according to Moody's.

2. Jupiter also faces challenges, which were considered for the rating affirmation, such as its small size and having a competitive broader market area.

3. Jupiter's outlook remains stable. 

 

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