Moody's Investors Service affirmed the "A2" rating on Holland (Mich.) Community Hospital's $36.7 million of outstanding revenue bonds.
The rating affirmation is based on several factors, including Holland's history of healthy operating performance, solid balance sheet metrics and leading market share.
Holland also faces numerous challenges, including its modest size and the presence of larger systems in nearby Grand Rapids, Mich.
The outlook is stable, reflecting Moody's Investors Service's expectation that Holland will sustain its current levels of operating performance and balance sheet strength.
More hospital outlook and credit rating actions:
Moody's assigns 'Baa3' rating to Doctors Community Hospital's bonds
S&P assigns 'BBB' rating to Redlands Community Hospital's bonds
S&P lowers Swedish Covenant Hospital's rating to 'BBB'