Moody's Investors Service has assigned a "Baa1" to Tallahassee (Fla.) Memorial Healthcare's proposed series 2016A and 2016B revenue bonds, affecting $250 million.
Moody's has also affirmed the "Baa1" rating on TMH's series 2015A bonds, affecting $107 million.
The rating assignment is based on several factors, including TMH's strong and consistent operating margins over the last several years.
The rating outlook is stable, reflecting Moody's expectation that TMH will maintain strong operating performance and liquidity during the construction of its new patient tower.
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