Moody's Investors Service has affirmed the "Baa3" rating on Milford (Mass.) Regional Medical Center's outstanding revenue bonds.
The rating affirmation is based on several factors, including MRMC's stable market position, solid liquidity coverage and conservative debt structure.
Offsetting these strengths are MRMC's small size and thinning cash flow.
The outlook is stable, reflecting Moody's Investors Service's expectations of slowly improving cash flow and gradual improvement of liquidity.