Moody’s affirms MetroHealth’s ‘A3’ rating

Moody’s Investors Service has affirmed the “A3” rating assigned to Cleveland-based MetroHealth System’s $93 million of outstanding rated bonds issued by Cuyahoga County, Ohio.

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The rating affirmation is supported by a number of factors, including MetroHealth’s improved margins and liquidity, benefits of Medicaid expansion and a stable management team after a history of turnover.

The rating outlook is stable, reflecting Moody’s expectation that MetroHealth will sustain its improved margins and liquidity.

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