The rating affirmation was based on a variety of factors, including Memorial’s designation as a critical access hospital, leading market share and strong balance sheet position, according to Moody’s.
Memorial also faces some challenges, which were considered for the rating affirmation, such as its vulnerability to physician departures and financial variability. In fiscal year 2014, Memorial saw an operating loss and a low operating cash flow margin of 6.5 percent.
More articles on ratings:
Moody’s affirms Northwest Community Hospital’s ‘A2’ bond ratings
Fitch downgrades Mayers Memorial Hospital District’s outlook to negative
Fitch upgrades rating on Mercy Regional Health Center’s bonds to ‘A+’
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