Moody’s also affirmed the “Aa2” and “Aa2/VMIG 1” ratings on the hospital’s outstanding debt.
The rating action was supported by the hospital’s dominant and growing market position, close affiliation with the majority of pediatricians and subspecialists in the area, very strong and consistently growing operating margins, exceptional revenue growth, moderate leverage and good fundraising, according to Moody’s.
The hospital also faces challenges, such as having a high dependency on Medicaid funding.
NCH’s rating outlook is stable.
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