Moody's assigns 'A1' rating to Greenville Health System

Moody's Investors Service has assigned an "A1" rating to Greenville (S.C.) Health System's $91 million of series 2014B bonds.

The rating assignment is attributable to Greenville's leading market share in its primary service area, and its stable financial performance and balance sheet metrics. Through the nine months ended June 30, Greenville's operating cash flow margin was 9.1 percent.

The health system also faces some challenges, such as an anticipated rise in capital spending, and a payor mix comprised of 17 percent Medicaid and 6.1 percent self pay.

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