S&P raises Coffee Regional Medical Center’s bond rating to ‘BB’

S&P Global Ratings has raised its long-term rating on Douglas, Ga.-based Coffee Regional Medical Center’s bonds to “BB” from “BB-.”

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“We assessed CRMC’s enterprise profile as adequate characterized by a dominant market share in a limited service area,” said S&P analyst Aamna Shah. “We also assessed CRMC’s financial profile as adequate based on sustained improvement in most key metrics since fiscal 2013.”

The outlook is positive, reflecting S&P’s view that CRMC is well positioned to continue to post margins in line with recent history and that CRMC’s management will continue to implement cost controlling initiatives.

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