Moody's affirms Magnolia Regional Health Center's 'Baa2' rating

Moody's Investors Service has affirmed Corinth, Miss.-based Magnolia Regional Health Center's "Baa2" rating, affecting $80 million of outstanding revenue bonds.

The rating affirmation is based on a number of factors, including MRHC's continued stable operating performance and its strong market position in northeastern Mississippi.

MRHC also faces several challenges, including a challenging payer mix and a leveraged balance sheet.

The outlook is stable, reflecting Moody's Investors Service's expectation that strong operating performance will continue and balance sheet metrics will remain in line with MRHC's "Baa2"-rated peers.

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