Moody’s assigns ‘Baa3’ rating to Iraan General Hospital District’s bonds

Moody’s Investors Service has assigned a “Baa3” rating to Iraan (Texas) General Hospital District’s $9.8 million of series 2016 bonds.

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The rating assignment is based on several factors, including the district’s vulnerability to further volatility and the small size of the district’s hospital.

The outlook is negative, reflecting the added difficulties the district faces due to the lack of Medicaid expansion in Texas.

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