Moody's Investors Service has upgraded Cincinnati-based The Christ Hospital's bond rating to "A3" from "Baa1."
The rating upgrade was supported by a number of factors, including the hospital's improved operating margins, with the hospital posting a 9 percent operating cash flow margin in fiscal year 2014. The rating upgrade was also supported by the hospital's strong revenue growth.
The Christ Hospital also faces some challenges, which were considered for the rating upgrade, such as operating in a very competitive market.
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