Moody's affirms rating on Northern Hospital of Surry County's bonds

Moody's Investors Service has affirmed the "Baa3" rating assigned to Mount Airy, N.C.-based Northern Hospital of Surry County's bonds.

The rating affirmation was attributable to a number of factors, including the 133-bed hospital's stable financial performance and strong market position.

The hospital also faces some challenges, which were considered for the rating action, such as experiencing several years of flat revenue growth.

NorthernHospital's outlook is currently stable, which represents Moody's expectation that the "the hospital will continue to produce healthy operating margins and debt service coverage metrics, and maintain leading market share."

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