Additionally, Moody’s affirmed the “A2” rating on WellStar’s $350 million of outstanding debt.
The assignment and affirmation are a result of several factors, including WellStar’s strong financial performance, sufficient debt service coverage and efficient management team that integrated numerous hospitals into a unified health system.
The outlook is stable, reflecting Moody’s expectation that the health system will continue producing large financial margins to support capital spending and improve balance sheet metrics.
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