Moody's Investors Service affirmed the "A2" rating on Raleigh, N.C.-based Rex Healthcare's $150 million of rated debt.
The rating affirmation is based on a number of factors, including Rex's strong operating performance, growing market share in a competitive market and adequate balance sheet metrics.
Rex also faces numerous challenges, including a high degree of leverage.
The outlook is stable, reflecting Moody's Investors Service's expectation that Rex will continue to generate solid cash flow margins and maintain adequate debt service coverage.
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