Moody's Investors Service assigned its "A2" rating to Findlay, Ohio-based Blanchard Valley Regional Health Center's proposed $83.7 million series 2017 revenue bonds.
In addition, Moody's affirmed its "A2" rating on BVRHC's outstanding bonds.
The assignment is a result of several factors, including the health center's strong balance sheet, healthy operating performance, dominant market share and favorable service area. Moody's also acknowledged BVRHC's modest size, above average investments in less liquid hedge funds and high operating leverage.
The outlook is stable, reflecting Moody's expectation that the health system will maintain its healthy balance sheet and strong operating performance.