Moody's Investors Service affirmed the "Baa3" rating on Middletown, N.Y.-based Orange Regional Medical Center's proposed $249 million of series 2017 fixed rate bonds.
The rating affirmation is based on a number of factors, including ORMC's sustained improvement in operating performance and meaningful increases in liquidity.
The credit rating agency also revised the rating to "Baa3" from "Ba1" on ORMC's $300 million of debt.
The outlook is stable, reflecting Moody's Investors Service's expectation that ORMC's market position will continue to support a favorable operating performance.