Moody's Investors Service affirmed its "Ba1" rating on Marshall, Mich.-based Oaklawn Hospital, affecting $63.5 million of outstanding debt.
The affirmation results from the hospital's strong market share and recent financial performance turnaround after several years of deteriorating margins. Moody's unfavorably viewed the hospital's large debt burden.
The outlook is stable, reflecting Moody's expectation that Oaklawn's margin improvement and liquidity metrics will be maintained.
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