Moody's Investors Service has affirmed the "Baa3" rating on Milford (Mass.) Regional Medical Center's $108 million of outstanding revenue bonds and revised the outlook to negative from stable.
The rating affirmation is based on multiple factors, including MRMC's relatively stable position as a community hospital.
The outlook revision reflects MRMC's deteriorating cash flow through nine months of fiscal year 2016, challenged operations and weakening debt service coverage.