S&P raises Hardin Memorial Hospital’s rating to ‘A-‘

S&P Global Ratings raised the rating to “A-” from “BBB” on Elizabethtown, Ky.-based Hardin Memorial Hospital’s series 2013 bonds.

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“The upgrade acknowledges meaningfully improved financial performance over the past two years, largely reflecting Medicaid expansion in Kentucky, growth in outpatient services and the hiring of additional physicians,” said S&P analyst James Fielding.

The outlook is stable.

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