The outlook revision reflects Moody’s Investors Service’s view that FirstHealth’s operating cash flow margins will remain suppressed over the near term.
Moody’s also affirmed the “Aa3” and “Aa3/VMIG 1” ratings on FirstHealth of the Carolinas’ bonds, affecting approximately $103 million of debt.
The rating affirmation is based on FirstHealth’s strong market share in its primary service area and excellent balance sheet metrics.
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