Moody's Investors Service has affirmed Houma, La.-based Terrebonne General Medical Center's "A2" long-term bond rating, affecting approximately $53 million of rated debt.
The rating affirmation was supported by a number of factors, including the hospital's leading market share, strong liquidity position and moderate debt load.
The hospital also faces some challenges, which were considered for the rating affirmation, such as experiencing a decrease in patient volume.
Terrebonne General Medical Center's outlook is stable.
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