Moody's Investors Service affirmed the "A1" long-term ratings and "P1" short-term ratings on Huntsville (Ala.) Health Care Authority's bonds and commercial paper program, affecting $160 million of rated debt.
The long-term ratings affirmation is based on a number of factors, including the healthcare authority's lead market share across its service area and its track record of adequate financial performance.
The short-term ratings affirmation is based on the HHCA's management of its self-liquidity program, with available assets providing adequate and consistent coverage of potential liabilities.
The outlook is stable, reflecting Moody's Investors Service's expectation HHCA will maintain and improve financial performance through the first six months of fiscal year 2017 and that it will continue to fund routine capital needs through cash flow.