The rating assignment was supported by a number of factors, including Inova’s consistently conservative approach to debt and investment management. The assignment was also supported by the system’s strong market position, capturing 55 percent of the market in its service area.
Inova also faces some challenges, which were considered for the rating assignment, such as slowed patient revenue growth in recent years.
More articles on hospital credit ratings:
Moody’s affirms Cullman Regional Medical Center’s ‘Ba1’ bond rating
Moody’s assigns ‘A1’ rating to Munson Healthcare’s bonds
Fitch downgrades All Children’s Hospital bonds to ‘AA-‘ rating
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