Moody's affirms South County Hospital's 'Baa3' rating

Moody's Investors Service has affirmed the "Baa3" long-term rating assigned to Wakefield, R.I.-based South County Hospital's $34.5 million of outstanding bonds.

The hospitals strengths were considered for the rating affirmation, including its improved operating performance and dominant market position. SCH maintains a leading market share of 51 percent in its primary service area.

The hospital also faces some challenges, which were considered for the rating action, such as having "risky" debt structure, with "100 percent variable rate mode," according to Moody's.

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