Moody's Investors Service has affirmed the "Baa2" rating on Shelbyville, Ind.-based Major Hospital's series 2014A fixed rate revenue bonds, affecting $53.3 million.
The analysis factors in the financial performance of Major Health Partners, with which Major Hospital is affiliated.
The rating affirmation is based on a number of factors, including MHP's profitable track record and leading market share.
The outlook is stable, reflecting Moody's expectation that MHP will continue to generate adequate operating margins during the construction phase and opening of its replacement hospital.