Moody’s Investors Service last week affirmed Fairfield Medical Center’s Baa2 rating and revised its outlook to stable from negative, citing its sustained operating improvements. The action affects $34.2 million of rated debt.

The outlook shift reflects FMC’s ability to maintain operating performance in fiscal 2010 despite concerns about operating risks associated with the increasing costs of employing more physicians and the potential for inpatient and ER visit volume erosion from a joint venture project with Mount Carmel Health System.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.