Fitch Ratings has affirmed the 'BBB-" rating on $29.9 million series 2012 revenue bonds issued on behalf of 49-bed
The rating affirmation was based on a number of factors including CMH's designation as a critical access hospital, which serves as a mitigating factor for inherent risks to small rural facilities.
CMH also has a strong and consistent operating profitability. The hospital has good cash flow resulting in solid debt service coverage. In addition, the hospital generated a 10.9 percent EBITDA margin through June 30. CMH's debt burden is modest, with total debt equaling $30.9 million.
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