Moody's assigns 'A2' rating to Kettering Health Network

Moody's Investors Service assigned an "A2" rating to Dayton, Ohio-based Kettering Health Network.

The rating reflects Moody's expectation that the system will continue to maintain a favorable market position, as its key competitor recently closed one of its downtown Dayton facilities.

Moody's expects the system will sustain solid operating margins and adequate liquidity, though higher capital spending and incremental debt over the next year will result in somewhat elevated leverage.

The rating outlook remains stable.

More articles on healthcare finance:

Positive outlook seen for US healthcare stocks this year
Kansas hospital is stable despite manager's financial struggles, CEO says
Trump administration working on plan for Medicaid block grant program

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months