Moody's Investors Service has assigned a "Baa2" rating to Montgomery, Ala.-based Jackson Hospital and Clinic's proposed series 2015 fixed rate revenue bonds, affecting $93 million.
The rating assignment is based on a number of factors, including Jackson's continued stable operating performance and strong liquidity position.
Jackson also faces several challenges, including its relative size of operations, high debt load and competition in Montgomery.
The outlook is stable, reflecting Moody's expectation that Jackson will continue to achieve strong cash flow margins, maintain market share and maintain adequate balance sheet ratios.