Moody's affirms 'Baa2' rating for Virginia Mason Medical Center

Moody's Investors Service has affirmed its "Baa2" rating for Seattle-based Virginia Mason Medical Center, affecting $393 million of debt.

The affirmation reflects Virginia Mason's unique value proposition, which consists of a physician-oriented operating culture and a high-acuity mix of services. The hospital has a history of suppressed margins due to the large number of employed physicians.

The rating outlook has been revised from stable to negative.

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