Moody's Investors Service affirmed its "Baa1" rating on Wenatchee-based Central Washington Hospital's revenue bonds issued by the Washington Health Care Facilities Authority, affecting $116 million of rated debt.
The affirmation is a result of several factors including the hospital's solid operating performance, substantial market share, improved liquidity measures and successful partnership with Wenatchee Valley Medical Center to form Confluence Health, also in Wenatchee.
The outlook is stable reflecting Moody's expectation that operating performance will remain strong, debt measures will not deteriorate and balance sheet metrics will stabilize.