Moody's Investors Service affirmed its "A3" rating on Winter Haven, Fla.-based Central Florida Health's outstanding bonds, affecting $84 million of debt.
The affirmation is a result of several factors, including CFH's dominant market share, healthy financial performance, favorable liquidity metrics and solid cash flow. Moody's also acknowledged CFH's high dependence on Medicare reimbursements, modest competition and variable patient volume.
The outlook is stable, reflecting Moody's expectation that CFH will maintain its stable financial performance and keep its favorable balance sheet metrics.