Moody's boosts Health Management outlook to positive

Moody's Investors Service said it changed the outlook of Health Management Associates, Inc. to positive from stable.

Concurrently, Moody's said it affirmed the company's ratings.

The change in the outlook reflects continued improvement in operating performance and credit metrics, the agency noted, stating that improvements in the previously limiting leverage and interest expense coverage metrics now strongly position the company at the current rating level and should further benefit from the contribution of recently completed acquisitions that have been funded from available cash.

Affirmed ratings include the company's senior secured revolving credit facility due 2013, to B1 (LGD3, 47%) from B1 (LGD3, 46%); senior secured term loan due 2014, to B1 (LGD3, 47%) from B1 (LGD3, 46%); corporate family rating at B1; and probability of default rating at B1.

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