Moody’s also affirmed the “A3” rating on Adena’s outstanding bonds.
The rating is supported by Adena’s stable margins, good liquidity and manageable leverage. The bond rating is further supported by the system’s leading market position, according to Moody’s.
The rating outlook is stable, which reflects Moody’s expectations that Adena will maintain its current operating performance and liquidity levels.
More articles on healthcare finance:
How CHS, Tenet, UHS, LifePoint and HCA fared in Q1
CMS further delays major bundled payment initiatives: 4 things to know
8 hospitals with strong finances