Moody’s assigns ‘Baa1’ to Memorial Hospital at Gulfport’s bonds

A proposed $50 million of series 2016A bonds from Memorial Hospital at Gulfport (Miss.) received a “Baa1” rating from Moody’s Investors Service.

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The rating assignment is based on several factors, including MHG’s strong market position and low leverage.

Moody’s also downgraded MHG’s parity debt rating to “Baa1” from “A3,” reflecting a significant decline in liquidity.

The outlook is negative, reflecting the extent of MHG’s liquidity decline and lack of track record in improvement.

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