S&P also affirmed the “AA-” rating on MCCG’s $80.8 million of series 2009 bonds.
S&P’s analysis is based on the financial results of Navicent Health, MCCG’s parent organization.
“The rating reflects our view of Navicent Health’s solid and stable market share, growing net patient revenues, improved operating results and sound existing and pro forma balance sheet metrics,” said S&P credit analyst Charlene Butterfield.
The outlook is stable, reflecting S&P’s view of Navicent Health’s improved financial metrics, robust balance sheet and leading business position in central Georgia.
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