The rating assignment was supported by a number of factors, including HPHC taking steps to improve operating margins and performance in new markets and its low amount of debt contributing to still healthy debt service coverage.
An inability to improve financial performance during fiscal year 2015 and 2016 could negatively pressure the rating.
The outlook is stable.
More articles on payer issues:
Insurance premium hikes spark new battle in war against PPACA
Aetna inks $37B deal to acquire Humana: 5 things to know
Health insurers in the news: Week in review June 26-July 2
