Moody’s Investors Service last week upgraded its rating to A3 from Baa1 on Capital Region Medical Center. The upgrade affects $36 million of outstanding debt issued through the Missouri State Health and Educational Facilities Authority.
Analysts cited improved profitability and operating cash flow in fiscal 2009 and continued strong improvement in operating performance and strengthening of liquidity and debt measures. It also enjoys strategic benefits through its relationships with the University of Missouri.
The medical center serves the capital of Jefferson City with about 7,000 admissions and $158 million in total operating revenue in fiscal 2009. It holds a second-place market share in its service area.