Moody's Investors Service has affirmed the "Baa2" rating assigned to $96.1 million of series 2006 fixed rate revenue bonds issued on behalf of Jackson (Ala.) Hospital and Clinic by the Montgomery Medical Clinic Board.
The rating affirmation was based on a number of factors, including the hospital's stable operating performance and adequate balance sheet ratios.
The hospital's challenges were also considered for the rating affirmation, such as its small revenue base.
The hospital's outlook is stable.
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