Moody's Investors Service has affirmed the "Baa2" rating on the series 2006B revenue bonds issued by the Colorado Health Facilities Authority on behalf of Longmont (Colo.) United Hospital. The bonds have approximately $39 million of rated debt outstanding.
The rating affirmation is based on several factors, including Longmont's historically strong market position, favorable liquidity profile and recently closed affiliation with Englewood, Colo.-based Centura.
The outlook remains negative, reflecting continuing challenges regarding operating performance as well as the evolving competitive landscape in Longmont.