Moody's affirms Trinitas regional Medical Center's 'Baa2' rating

Moody's Investors Service has affirmed the "Baa2" rating on Elizabeth, N.J.-based Trinitas Regional Medical Center's $115 million of bonds.

The rating affirmation is based on several factors, including TRMC's unrestricted liquidity and low leverage.

TRMC also faces challenges, including its location in a competitive service area and high reliance on governmental payers.

The outlook is stable, reflecting Moody's Investors Service's expectation that TRMC will produce operating cash flow margins around 8 percent.

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