Moody's Investors Service has affirmed the "Aa3" rating assigned to Charlotte-Mecklenburg Hospital Authority, which does business as Charlotte, N.C.-based Carolinas HealthCare System.
The rating affirmation was supported by a number of factors, including CHS' large geographic footprint across
In addition, CHS' rating affirmation was supported by the health system's strong revenue growth and growing market share in its primary service area.
The health system also faces some challenges, which were considered for the rating affirmation, such as weakened operating cash flow margins in fiscal year 2013 through six months of fiscal year 2014.
More articles on hospital credit ratings:
8 recent hospital rating and outlook changes, affirmations
Moody's assigns 'Aa2' rating to Geisinger Health System's bonds
Moody's assigns 'Aa3' rating to Indiana University Health's bonds