The rating assignment and affirmation were based on several factors, including CareGroup’s large size and expansive presence in eastern Massachusetts.
Key credit challenges include modest operating performance and likelihood of increased capital spending in coming years.
The outlook is stable, reflecting Moody’s expectation that CareGroup will continue to generate modest operating surpluses and improve performance over weaker 2015 levels.
More articles on finance:
38 CHS hospitals spin off as new company: 7 things to know
Private equity investment in healthcare: 15 healthcare investment niches — A review of key sectors for 2015
The Puerto Rican healthcare crisis: 10 things to know
