Moody's Investors Service has affirmed the "A2" rating assigned to Winston-Salem, N.C.-based Wake Forest Baptist Medical Center's bonds and series 2010 bonds, affecting approximately $561 million of rated debt.
The rating affirmation is based on several factors, including Wake Forest Baptist's position as a large academic medical center with a strong clinical reputation, solid market share and healthy balance sheet.
The outlook is stable, reflecting the fact that Wake Forest Baptist met its budget in fiscal year 2015 and made significant financial improvement over the past two years.