Moody's assigns 'A3' to Washington Regional Medical Center

Moody's Investors Service assigned its "A3" rating to Fayetteville, Ark.-based Washington Regional Medical Center's proposed $30.7 million series 2017 revenue bonds.

Additionally, Moody's affirmed its "A3" rating on WRMC's outstanding revenue bonds, affecting $105 million of parity debt.

The affirmation and assignment are a result of several factors, including WRMC's dominant market position, favorable service area, increased patient volume and stable operating performance. Moody's also acknowledged the medical center will enter a period of high capital spending to address capacity issues.

The outlook is stable, reflecting Moody's expectation that WRMC will maintain its strong market position and operating performance to keep a solid balance sheet through the period of increased capital spending.

More articles on healthcare finance:
Logan Regional Hospital receives $5M donation to enhance cancer care services
This week's 5 must-reads for hospital RCM leaders
11 hospitals seeking RCM talent 

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars