Moody's affirms 'A2' rating on WakeMed Health's bonds

Moody's Investors Service affirmed the "Aa2" rating on Raleigh, N.C.-based WakeMed Health's bonds, affecting $400 million of rated debt.

The ratings affirmation is based on a number of factors, including the health system's solid market share as well as its strong operating performance in fiscal year 2016.

The outlook is stable, reflecting Moody's Investors Service's expectation the health system will maintain or improve its operating performance above FY 2016 levels.

More articles on healthcare finance:
Moody's affirms 'A1' rating on Jackson-Madison County General Hospital's outstanding debt
Moody's assigns 'Caa1' rating to Good Shepherd Health System's bonds
Moody's assigns 'A1' rating to Children's Hospital & Medical Center's bonds

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months