Moody's assigns 'Baa3' rating to Doctors Community Hospital's bonds

Moody's Investors Service assigned a "Baa3" rating to Lanham, Md.-based Doctors Community Hospital's proposed $65 million of series 2016B revenue bonds.

The rating assignment is based on several factors, including DCH's recently improved operating performance and leading market share in its service area.

DCH also faces numerous challenges, including high leverage, low liquidity and small size compared to larger competitors in its service area.

The outlook is stable, reflecting Moody's Investors Service's expectation that DCH will continue to generate solid operating performance in the coming years.

More articles on healthcare finance:
S&P assigns 'A+' rating to Saint Francis Medical Center's bonds
S&P raises Gillette Children's Specialty Healthcare's rating to 'A'
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