Moody's Investors Service has affirmed Hays Medical Center's "A2" bond rating, with the rating affecting approximately $58 million of outstanding debt issued through the Kansas Development Finance Authority.
The rating affirmation was based on a number of factors, including HMC's track record of profitability and good liquidity ratios. At fiscal year 2014's end, the hospital had 296 days cash on hand.
HMC also faces some challenges, which were considered for the rating affirmation, such as Medicare representing a somewhat high 51.5 percent of its gross revenues in fiscal 2014.
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