Moody's assigns 'Baa1' to Memorial Hospital at Gulfport's bonds

A proposed $50 million of series 2016A bonds from Memorial Hospital at Gulfport (Miss.) received a "Baa1" rating from Moody's Investors Service.

The rating assignment is based on several factors, including MHG's strong market position and low leverage.

Moody's also downgraded MHG's parity debt rating to "Baa1" from "A3," reflecting a significant decline in liquidity.

The outlook is negative, reflecting the extent of MHG's liquidity decline and lack of track record in improvement.

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