KANSAS DEVELOPMENT FINANCE AUTHORITY -- Moody's Affirms Hays Medical Center's (KS) A2; Outlook Stable

New York, October 13, 2016 -- Summary Rating RationaleMoody's Investors Service has affirmed Hays Medical Center's (HMC) A2 revenue bond rating. This action affects approximately $42.2 million of rated debt outstanding issued through the Kansas Development Finance Authority. The outlook is stable.The affirmation of the A2 reflects HMC's leading market position with limited competition over a very broad service area, history of very good operating performance, as well as strong liquidity and debt coverage ratios. Challenges include flat revenue growth resulting from declines in inpatient admissions that will limit improvement in operations. HMC's small operating size also exposes the hospital to event risk and physician turnover.

Vollständigen Artikel bei Moodys lesen