The affirmation of WFH’s rating was based on a number of factors. The health system has had five consecutive years of profitable operations, and WFH’s cash levels have improved, with the health system having 150 days cash on hand.
WFH also faces challenges, such as ongoing and intensifying competitive pressures in each of the system’s regions from both hospitals and physician alliances.
More Articles on Hospital Credit Ratings:
Fitch Affirms ‘A+’ Rating of St. Clair Hospital Bonds, Revises Outlook to Positive
Moody’s Downgrades UMCC’s Rating to ‘Baa2’, Outlook Negative
Moody’s Affirms Atlantic Health System’s ‘A1’ Rating, Outlook Stable
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