...' Issuer Default Rating (IDR) and revenue bond rating reflect Memorial Health Services' (MemorialCare, or the system) strong financial profile with current and projected debt metrics that are in line with expectations for a healthcare credit in this rating category, despite the system's weaker revenue defensibility and mid-range operating risk assessments. MemorialCare has sufficient liquidity in the form of highly liquid unrestricted cash and investments to support the short-term 'F1+' rating. The short-term liquidity is correlated with the long-term 'AA...