Moody's Investors Service assigned a "Baa3" rating to Mount Airy, N.C.-based Northern Hospital District of Surry County's proposed $16.6 million in healthcare facilities revenue refunding series 2017 bonds.
The rating assignment acknowledges NHSC's strong revenue growth, healthy balance sheet measures and good debt coverage.
Moody's also affirmed the "Baa3" rating on NHSC's series 1999 bonds and series 2008 bonds, affecting approximately $17 million of rated revenue bonds.
The outlook remains stable.