Moody's Investors Service has affirmed the "Baa1" rating on Frederick (Md.) Memorial Hospital's $97 million of series 2012A fixed rate revenue bonds.
The rating affirmation is based on a number of factors, including FRHS' leading market share, adequate debt coverage and sound liquidity ratios.
The outlook is stable, reflecting Moody's Investors Service's expectation that FRHS will moderately improve operating margins and strengthen debt coverage and liquidity ratios.