Moody's Investors Service has affirmed Monroe (Wis.) Clinic's "A3" rating affecting approximately $43 million of series 2009 fixed rate bonds.
Here are three things to know about the rating action and Monroe Clinic's outlook.
1. The rating affirmation was based on a number of factors, including Monroe Clinic's track record of good operating margins, favorable market position, good liquidity and adequate debt coverage, according to Moody's.
2. The positive attributes are offset by Monroe Clinic being "quite small for an 'A' rated hospital," according to Moody's.
3. The hospital's outlook is stable, which reflects Moody's expectation that it "will continue to generate profitable operating margins and sustain adequate debt coverage and good liquidity ratios."
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