Moody's assigns 'Baa2' to Mercy Health Services' bonds

Moody's Investors Service has assigned a "Baa2" rating to Baltimore-based Mercy Health Services' proposed $141 million of series 2016A fixed rate revenue bonds.

The rating assignment is based on a number of factors, including MHS' track record of solid operating margins, favorable rate structure and adequate liquidity.

The outlook is stable, reflecting Moody's expectation that MHS will continue to generate good operating margins and improve liquidity and debt coverage ratios.

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