Moody's revises Magnolia Regional Health Center,'s (MS) outlook to negative; Baa2 affirmed

Posted on: February 27, 2014, 11:47 am

NEW YORK, February 27, 2014 --Moody's Investors Service has affirmed the Baa2 rating assigned to Magnolia Regional Health Center's (MRHC) outstanding bonds (see RATED DEBT section at the end of this report). The rating affirmation is based on MRHC's leading market share, growth in unrestricted liquidity and improved operating performance in fiscal year (FY) 2013. The outlook is revised to negative from stable given flat revenue growth and notably weaker operating results through four months of FY 2014 and the expectation that operating performance for full year FY 2014 will be below FY 2013...

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