Moody’s affirms Mercy Medical Center’s ‘A2’ rating

Moody’s Investors Service has affirmed the “A2” rating on Cedar Rapids, Iowa-based Mercy Medical Center’s $111 million of revenue bonds.

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The rating affirmation is based on several factors, including Mercy’s strong liquidity position, good debt metrics and solid market position.

The outlook is stable, reflecting Moody’s Investors Service’s belief that Mercy will maintain healthy levels of liquidity and debt coverage.

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