Moody’s assigns rating to Memorial Healthcare System’s bonds

Moody’s Investors Service has assigned an “Aa3” rating to $164.3 million of Hollywood, Fla.-based Memorial Healthcare System’s proposed fixed-rate revenue bonds.

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The rating assignment was supported by a number of factors, including the system’s dominant market position and strong balance sheet measures.

The system also faces some challenges, which were considered for the rating assignment, such as having high Medicaid exposure.

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