Moody's affirms Milford Regional Medical Center's 'Baa3' rating

Moody's Investors Service has affirmed the "Baa3" rating on Milford (Mass.) Regional Medical Center's outstanding revenue bonds.

The rating affirmation is based on several factors, including MRMC's stable market position, solid liquidity coverage and conservative debt structure.

Offsetting these strengths are MRMC's small size and thinning cash flow.

The outlook is stable, reflecting Moody's Investors Service's expectations of slowly improving cash flow and gradual improvement of liquidity.

More articles on healthcare finance:
UnitedHealth to exit 2 state ACA exchanges: 5 things to know
South Dakota hospital set to lose Medicare status
Troubled Calhoun Liberty Hospital seeks donations: 6 things to know

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Featured Content

Featured Webinars

Featured Whitepapers