Moody's affirms The Christ Hospital's 'A3' rating

Moody's Investors Service has affirmed the "A3" rating on Cincinnati-based The Christ Hospital's bonds, affecting $324 million of rated debt.

The rating affirmation is based on several factors, including TCH's solid operating cash-flow margins and a solid market position in high acuity services.

TCH also faces several challenges, including a leveraged balance sheet, moderate investment position and operating in a competitive market.

The rating outlook is stable, reflecting Moody's expectation that TCH will maintain operating cash flow margins and begin to de-leverage as capital spending moderates and investments grow.

More hospital outlook and credit rating actions:
S&P assigns 'A+' rating to St. Luke's Episcopal-Presbyterian Hospital's bonds
Fitch affirms Dallas County Hospital District's 'AA+' rating
S&P revises outlook on Adena Health System's debt to stable

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