Moody's Investors Service has affirmed the "A3" rating on Prince Frederick, Md.-based Calvert Health System's $31 million of outstanding rated revenue bonds.
The rating affirmation is based on several factors, including Calvert's stable operating performance and strong absolute liquidity.
Offsetting these strengths are Calvert's overall size and scope of operations.
The outlook is stable, reflecting Moody's Investors Service's expectation that Calvert will continue to generate sufficient operating margins.