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
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.