Moody's rates CoxHealth's series 2015A bonds

Moody's Investors Service has assigned an "A2" rating to Springfield, Mo.-based CoxHealth's planned $124 million of series 2015A fixed rate revenue bonds.

The rating assignment was supported by a number of factors, including the system's trend of profitability and Moody's expectations that CoxHealth will maintain stable operating margins and improve liquidity ratios in coming years.

The system also faces some challenges, which were considered for the rating assignment, such as facing competition from a sizeable provider in its service area.

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