Moody's affirms Mosaic Life Care's 'A1' rating

Moody's Investors Service has affirmed the "A1" rating to St. Joseph, Mo.-based Mosaic Life Care's $119 million of outstanding rated debt.

The rating affirmation is based on a number of factors, including Mosaic's growth in unrestricted liquidity and moderate debt position.

Mosaic Life Care also faces numerous challenges, including a high concentration of governmental payers, a large employed physician group and expansion into more competitive secondary service areas.

The outlook remains stable, reflecting Moody's belief that operating performance and balance sheet measures will remain steady.

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