Moody’s also affirmed the “Baa2” rating on the medical center’s $363 million of rated debt.
The ratings assignment and affirmation is based on several factors, including EMC’s good market position and solid cash flow.
The outlook is stable, reflecting Moody’s Investors Service’s expectation EMC will continue to generate favorable margins, but that its capital spending will limit balance sheet growth during the next two years.
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Moody’s affirms ‘Baa2’ rating on Exeter Hospital’s bonds
Moody’s affirms ‘A2′ rating on University Hospitals’ bonds
