Moody’s affirms Mercy Medical Center’s A2-level credit rating

Moody’s Investors Service has affirmed a strong “A2” credit rating, with a stable outlook, to Mercy Medical Center in Cedar Rapids. The credit analysis factors the financial performance of Mercycare Service Corporation and related organizations such as Mercy Care Management Inc., physician practices and the Mercy Medical Center Foundation.

This positive credit rating reflects Mercy’s strong financial performance for fiscal year 2016, as well as the hospital’s success in consistently meeting or surpassing budget targets identified through a multi-year strategic plan as well as its leading market position.

Earlier this year, Standard & Poor’s Rating Services affirmed and assigned Mercy an “A” credit rating with stable outlook.