Moody's assigns 'Baa2' rating to Hutchinson Regional Medical Center's bonds

Moody's Investors Service assigned an initial "Baa2" rating to Hutchinson (Kan.) Regional Medical Center's proposed $34.7 million of series 2016 bonds.

The rating assignment is based on a number of factors, including HRMC's leading market position and solid balance sheet position.

HRMC also faces several challenges, including declining inpatient utilization trends.

The outlook is stable, reflecting Moody's Investors Service's expectation that Hutchinson will maintain its strong operating performance and balance sheet position while undergoing the implementation of a new EHR.

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