Moody’s affirms Murray-Calloway County Public Hospital’s rating

Moody’s Investors Service has affirmed the “Baa3” rating on Murray (Ky.)-Calloway County Public Hospital’s series 2007 and series 2010 fixed rate bonds, affecting $40.6 million of rated debt.

Advertisement

The rating affirmation is based on several factors, including MCCH’s improved operating performance.

MCCH also faces challenges, including its small size and variability in patient volumes constraining revenue growth.

The outlook is stable, reflecting MCCH’s stable operating performance for fiscal year 2015 and no additional plans for debt at this time.

More articles on finance:
12 recent hospital outlook and credit rating actions
The best- and worst-performing CFO leadership styles
Conn. residents avoiding free preventive services due to cost worries

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.