The rating assignment was supported by a number of factors, including the system’s “very substantial” unrestricted cash and investment balances, according to Moody’s. The system’s revenue growth in fiscal year 2014 also supported the rating assignment.
QHS also faces some challenges, which were considered for the rating assignment, such as being located in a competitive market.
The system’s outlook is currently stable, which reflects Moody’s “expectation that the system will improve operating performance in FY 2015, and maintain strong wealth levels, in support of its debt program.”
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