Moody's Investors Service has revised the outlook from stable to positive on Maryville, Ill.-based Anderson Hospital's series 2006 fixed rate bonds, affecting approximately $12 million issued through the Southwestern Illinois Development Authority. Anderson Hospital's "Baa3" rating has been affirmed.
The revision and affirmation were based on a number of factors, including Anderson's leading market share in its service area, improved operating budget, and improved liquidity and debt coverage ratios.
The rating could be pressured by increased competition from larger providers in nearby St. Louis, weaker operating margins and deterioration of liquidity ratios.