Tampa (Fla.) General Hospital’s credit rating was upgraded to “A3” from “Baa1” by Moody’s.
The health system’s upgrade was driven by its continued diversification, market capture and profitability, Moody’s said in its March 16 report.
Tampa General has a good market position and expanding footprint, which supports strong revenue growth and financial performance, Moody’s said. The system’s comprehensive array of high-acuity care and its role as the primary teaching affiliate for Tampa-based University of South Florida are distinguishing factors in a competitive market.
The system has a stable outlook at its new rating.
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