S&P Global Ratings assigned its "BBB+" rating to Hannibal (Mo.) Regional Hospital's proposed $39.4 million series 2017 hospital revenue bonds.
"We assess HRH's enterprise profile as adequate, with low market share in its primary service area, economic indicators below the U.S. national projections and a large number of admissions from a non-employed physician group," said Chloe Pickett an S&P Global Ratings credit analyst Chloe Pickett. "We further assess the hospital's financial profile as strong, with historically positive operations ... and stable balance-sheet metrics."
The outlook is stable, reflecting S&P's expectation that HRH' will maintain its solid balance sheet metrics and positive operating performance.