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.
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