Moody’s assigns ‘A3’ rating to Wyoming Medical Center’s bonds

Moody’s Investors Service assigned its “A3” rating to Casper-based Wyoming Medical Center’s proposed $12.3 million series 2017 hospital revenue refunding bonds issued by Natrona County, Wyoming. The bonds will mature in 2031.

Advertisement

The rating assignment is based on several factors, including the medical center’s favorable market position, vast variety of services and light leverage levels as a result of conservative debt management.

The outlook is stable, which reflects Moody’s expectation that the hospital will have  stable operating performance driven by its strong market position and proper debt service coverage.

More articles on healthcare finance:
Summa Health System to cut 300 jobs due to $60M operating loss
60% of finance executives underestimate impact of QPP, survey says
Hackensack Meridian Health, St. Vincent top achievers in patient pay recovery

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.