The rating affirmation is based on a number of factors, including Wayne’s solid operating performance, leading market share and healthy balance sheet measures.
The hospital also faces several challenges, including its small size and higher-than-average exposure to government payers.
The outlook is stable, reflecting Moody’s expectation that Wayne Memorial Hospital will continue to generate healthy margins, retain market share and maintain balance sheet strength.
More hospital outlook and credit rating actions:
Fitch affirms Care New England’s ‘BBB’ rating
Moody’s affirms Children’s Hospital of Los Angeles’ rating
Moody’s affirms CentraCare Health System’s ‘A1’ rating
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