Moody’s assigns ‘A2’ rating to Centra Health, maintains negative outlook

Moody’s Investors Service assigned its “A2” rating to Lynchburg, Va.-based Centra Health’s proposed $126.6 million series 2018 bonds.

Advertisement

Concurrently, Moody’s affirmed its “A2” rating on Centra Health’s outstanding debt.

The assignment and affirmation is a result of several factors, including Centra Health’s leading market position, modest debt burden, improving margins, strategic expense reductions and liquidity growth.

The outlook remains negative as the health system works to reverse several years of suppressed margins during an IT system implementation and a period of weakened liquidity.

More articles on healthcare finance:
Hospitals are moving to single ratings: Here’s why
Fitch: Minor headwinds coming for US children’s hospitals
Walgreens, CVS, Rite-Aid shares plummet after Amazon buys Pillpack

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.