Moody's Investors Service has affirmed the "A2" ratings assigned to Boston-based Baystate Medical Center's bonds, with the rating affirmation affecting $250 million of debt.
BMC's strengths, including its relatively low debt load and growing market share, supported the rating affirmation. Additionally, the hospital has generated revenue growth of between 5.5 percent and 6.2 percent over the last three years.
The hospital also faces some challenges, which were considered for the rating affirmation, such as having suppressed cash flow margins
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