Fitch affirms ‘A+’ rating on WakeMed Health System

Fitch Ratings affirmed its “A+” rating on Raleigh, N.C.-based WakeMed Health System’s bonds, affecting about $393.3 million of debt.

Advertisement

Concurrently, Fitch assigned WakeMed an issuer default rating of “A+.”

The affirmation and assignment are based on several factors, including WakeMed’s strong market position, favorable service area, healthy operating margins and solid liquidity metrics.

The outlook is revised to positive from stable. 

More articles on healthcare finance:
Fewer medical mistakes saved hospitals $2.9B from 2014 to 2016
$28k: The average price healthcare will cost a family of 4 in 2018
9 latest hospital credit downgrades

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.