Moody's Investors Services affirmed the "Baa1" ratings for Robbinsdale, Minn.-based North Memorial Health Care and and Maple Grove (Minn.) Hospital's outstanding revenue bonds, affecting a combined $162 million of debt.
The rating reflects North Memorial Health's leading market share in northwest Minneapolis, wide array of clinical services and sufficient liquidity. Management also has implemented several strategies to control expense growth that will favorably affect performance.
The rating outlook was revised from stable to negative.