Moody's affirms 'Aa3' rating for Midland County Hospital District

Moody's Investors Service affirmed the "Aa3" rating for Midland County (Texas) Hospital District.

The district operates Midland (Texas) Memorial Hospital. The affirmation reflects the district's ability to produce strong operating margins despite near-term liquidity and recruitment challenges. The rating further reflects the district's weakened balance sheet through fiscal year 2018 as a result of various operating pressures.

The rating outlook remains stable.

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