Moody's affirms Lexington County Health Services District's 'A1' rating

Moody's Investors Service has affirmed the "A1" rating assigned to Lexington (S.C.) County Health Services District's bonds, affecting $237 million of outstanding debt.

The rating affirmation is based on a number of factors, including Lexington's multiple years of strong financial performance and good balance sheet metrics.

Lexington also faces several challenges, including competition in the broader service area and a challenging payer mix.

The outlook remains stable, reflecting Moody's expectation that Lexington will continue to generate strong operating cash flow margins and leverage balance sheet strength.

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