Moody's affirms Rex Healthcare's 'A2' rating

Moody's Investors Service affirmed the "A2" rating on Raleigh, N.C.-based Rex Healthcare's $150 million of rated debt.

The rating affirmation is based on a number of factors, including Rex's strong operating performance, growing market share in a competitive market and adequate balance sheet metrics.

Rex also faces numerous challenges, including a high degree of leverage.

The outlook is stable, reflecting Moody's Investors Service's expectation that Rex will continue to generate solid cash flow margins and maintain adequate debt service coverage.

More articles on healthcare finance:
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Moody's affirms Holy Redeemer Health System's 'Baa3' rating
Moody's affirms Fairview Health Services' 'A2' rating 

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