Additionally, Moody’s affirmed the “A3” rating on Parkview Medical Center’s outstanding bonds, affecting $169 million of rated parity debt.
The affirmation and assignment are based on several factors, including PMC’s solid market position, conservative asset liability policies and healthy balance sheet metrics. Moody’s also acknowledged the medical center’s highly competitive market, variable operating performance, high debt load and unfavorable payer mix.
The outlook is stable, reflecting Moody’s expectation that the medical center will maintain its market position and balance sheet metrics to gradually lower its debt burden.
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