Concurrently, Moody’s affirmed its “Baa1” rating on $79 million of the hospital’s outstanding debt.
The affirmation and assignment are based on several factors, including the hospital’s dominant market share, recent acquisition of Huntington-based St. Mary’s Medical Center, as well as its long-standing relationship as a primary teaching affiliate of Marshall University School of Medicine.
The outlook is stable, reflecting Moody’s expectation that Cabell Huntington will see improved operations after a period of suppressed margins due to the acquisition.
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