Moody’s affirms Owensboro Health’s ‘Baa3’ rating

Moody’s Investors Service affirmed the “Baa3” rating on Owensboro (Ky.) Health’s $576 million of outstanding rated revenue bonds.

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The rating affirmation is based on several factors, including Owensboro Health’s leading market position, continued revenue growth and stable operating performance.

Owensboro Health also faces numerous challenges, including its large direct debt burden.

The outlook is stable, reflecting Moody’s Investors Service’s expectation that Owensboro Health will continue to generate strong operating cash flow margins and maintain a solid cash position.

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