Moody's Investors Service has upgraded Brooklyn-based
The rating upgrade was based on a number of factors, including clarification on the hospital's future capital and debt plans, an increase in investments and sustained improvement and operating margins. New York Methodist has improved operating cash flow margins to a range of 8 to 9 percent.
The positive outlook reflects the expectation that the hospital's margins will be sustained and investments will continue to grow to support its debt load.
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