Moody's Investors Services has affirmed the "A2" ratings assigned to Honolulu-based Hawaii Pacific Health's revenue bonds, with the rating affecting approximately $317 million of debt.
The rating affirmation was supported by a number of factors, including HPH's strong operating performance. The system posted a 9.3 percent operating margin and a 14.1 percent cash flow margin for fiscal year 2014.
The system's challenges were also considered for the rating affirmation, which include an increased debt load due to an expansion project and operating in a competitive and fragmented market.
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