Affirmation of the rating was based on a number of factors, including the hospital’s stable operating performance and 50 percent market share in the primary service area.
Through the first six months of fiscal year 2014, Skagit had an operating cash flow margin of 10.4 percent. The hospital has improving balance sheet measures with 147 days cash on June 30.
The stable outlook reflects the expectation the hospital will continue to generate adequate cash flow levels.
More articles on hospital credit ratings:
Fitch affirms ‘BBB-‘ rating for Columbia Memorial Hospital, outlook stable
Moody’s revises OSF Healthcare System’s outlook to stable
Moody’s affirms Ochsner Clinic Foundations’ ‘Baa1’ rating
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