Moody's Investor Service affirmed its"A3" rating for Prince Frederick, Md.-based Calvert Health System's Series 2013 bonds, affecting $30.43 million of outstanding debt.
The rating reflects Moody's expectation that Calvert Health's financial performance will continue to strengthen and that its liquidity levels will provide a cushion for financial leverage.
Moody's revised Calvert's rating outlook from negative to stable.