Additionally, Moody’s affirmed the “Baa1” rating on Catholic Medical Center’s $25 million of outstanding debt.
The affirmation and assignment are a result of several factors, including the medical center’s solid operations, sufficient liquidity, advantageous demographics and reasonable leverage metrics. Moody’s also acknowledged Catholic Medical Center’s competitive market, increased capital spending, rising pension liability and risks from new affiliation agreements and upcoming installation of an information technology platform.
The outlook is stable, reflecting Moody’s expectation that Catholic Medical Center will see healthy near-term operating cash flow margins and sustain unrestricted liquidity measures.
More articles on healthcare finance:
7 recent donations, grants to healthcare organizations
Study: Advocate hospitals saved nearly $4.9M by implementing nutrition care program
11 recent hospital, health system outlook and credit rating actions
