Moody's Investors Service has affirmed the "A1" rating assigned to $294 million of Jackson, Tenn.-based Jackson-MadisonGeneralHospital's outstanding debt.
The rating affirmation was supported by a number of factors, including JMCGH's solid operating cash flow and steady growth in unrestricted liquidity. Over the last five years, the hospital has experienced a 58 percent increase in absolute liquidity.
The rating affirmation was also supported by the hospital's dominant market presence. As of 2013, JMCGH had a 65.6 percent market share in its primary service area.
The hospital also faces some challenges, which were considered for the rating affirmation, such as being highly dependent on government payers.
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