Here are four things to know about the rating affirmation and the system’s outlook.
1. The rating affirmation was supported by a number of factors, including MHD’s history of strong operating performance and growth in liquidity.
2. Moody’s said the rating affirmation was also supported by the system’s major upgrades and expansions, which have enhanced MHD’s provision of services.
3. MHD faces some challenges, which were considered for the rating affirmation, such as operating in a very competitive Dallas/Fort Worth market with other large nonprofit and for-profit healthcare systems vying for the strong and well-insured population growth.
4. The system’s outlook is stable, which reflects Moody’s belief “that MHD will continue to generate strong operating cash flow to support the existing debt load while maintaining strong liquidity.”
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