Moody’s Investors Service has affirmed the "A3" rating assigned to Quincy, Ill.-based Blessing Hospital's bonds, with the rating affirmation affecting $33 million of debt.
The rating affirmation was supported by various factors such as the hospital’s "dominant market share," strong unrestricted cash and investments and consistent operating cash flow margins, which averaged 11 percent for the last three years through fiscal year 2014.
The hospital also has challenges, which were considered for the rating affirmation, such as a dependence on a large multi-specialty physician group as well as a "relatively high" dependence on Medicaid and Medicare.
Moody's also upgraded Blessing's outlook from "stable" to "positive."
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