Moody's affirms Northern Hospital of Surry County's 'Baa3' rating

Moody's Investors Service has affirmed the "Baa3" rating on Mount Airy, N.C.-based Northern Hospital of Surry County, affecting approximately $17 million of rated debt.

The rating affirmation is based on several factors, including NHSC's consistently solid operating margins, strengthening liquidity measures and stable market share.

Offsetting these strengths are NHSC's small size and dependence on government payers.

The outlook is stable, reflecting Moody's Investors Service's expectation that NHSC will maintain a healthy balance sheet and continue to produce operating margins in line with historical trends.

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