Moody's Investors Service has affirmed the "Baa3" rating on Murray (Ky.)-Calloway County Public Hospital's series 2007 and series 2010 fixed rate bonds, affecting $40.6 million of rated debt.
The rating affirmation is based on several factors, including MCCH's improved operating performance.
MCCH also faces challenges, including its small size and variability in patient volumes constraining revenue growth.
The outlook is stable, reflecting MCCH's stable operating performance for fiscal year 2015 and no additional plans for debt at this time.