Moody's Investors Service has affirmed the "A2" bond rating assigned to $142.9 million of outstanding revenue certificates issued by the Gwinnett County Hospital Authority on behalf of Gwinnett Hospital System in Lawrenceville, Ga.
The rating affirmation was based on a number of factors, including the strong total admissions growth the system has experienced since 2011and its leading market share in Gwinnett County. The hospital's market share has grown by more than 40 percent since it opened a new tower and started its open heart program.
GHS also faces some challenges, which were considered for the rating affirmation, such as modest debt coverage ratios and facing competition from large tertiary hospitals outside of its primary service area.
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