Moody’s affirms Torrance Medical Center’s ‘A3’ rating

Moody’s Investors Service has affirmed the “A3” rating on Torrance (Calif.) Memorial Medical Center’s bonds.

Advertisement

The rating affirmation is based on a number of factors, including Torrance’s excellent market position, adequate profitability metrics and stable balance sheet metrics.

The outlook is stable, reflecting Moody’s expectation that the medical center will continue to generate financial performance similar to the results it achieved in fiscal year 2015.

More articles on healthcare finance:
Flint health centers awarded $500k for water crisis
RCM tip of the day: Understand CMS’ bundling program
Georgia hospitals unite to avoid financial failure

Advertisement

Next Up in Financial Management

  • Tacoma, Wash.-based MultiCare Health System is launching a health insurance plan. MultiCare Health Plan, announced Oct. 1, will operate as…

  • Chillicothe, Ohio-based Adena Health will establish a system-level board of directors with five local advisory boards operating under its oversight.…

Advertisement

Comments are closed.