Moody's Investors Service has affirmed the "A2" rating assigned to CoxHealth in Springfield, Mo., affecting $510 million of debt issued through the Missouri State Health and Educational Facilities Authority.
The rating affirmation was supported by a number of factors, including the hospital's "trend of profitability" and Moody's expectation that "the system will maintain stable operating margins and improve liquidity ratios in the coming years."
The hospital also faces some challenges, which were considered for the rating affirmation, such as facing competition from a sizeable provider in its service area.
More articles on healthcare finance:
Community Health Systems' Q4 preview falls below expectations
MedPac's final payment recommendations to Congress: 5 things to know
Cadence merger gives Northwestern Memorial Healthcare's margins a boost