The rating affirmation was supported by a number of factors, including WellStar’s comeback in operating performance through six months of fiscal year 2015 following a year of expected softer operating performance, while rolling out a new IT system and completing and opening several capital projects, according to Moody’s.
WellStar’s “strong position as a large integrated healthcare delivery system with leading and growing market share in northwest metro Atlanta, a manageable debt load and a track record of strong financial performance providing ample historical debt service coverage” also were factors that supported the rating affirmation, according to Moody’s.
WellStar also faces some challenges, which were considered for the rating affirmation, such as growing uncompensated care and some competitive pressure from other providers outside its primary service area.
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