The rating affirmation is based on a number of factors, including KDH’s leading market position over a broad service area with limited competition and improved operating performance in fiscal year 2014 and through the first half of FY 2015.
Offsetting these strengths are the hospital’s small size and large debt load.
The outlook remains stable, reflecting Moody’s expectation that KDH will continue to support its high debt load by maintaining good operating margins and building absolute liquidity.
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