Moody's assigns 'Baa1' rating to Mary Washington Healthcare's bonds

Moody's Investors Service has assigned a "Baa1" rating to Fredericksburg, Va.-based Mary Washington Healthcare's proposed series 2016 bonds and affirmed the "Baa1" ratings on MWH's previous bonds, affecting approximately $261 million of debt.

The rating assignment and affirmation are based on a number of factors, including MWH's dominant market position and breadth of tertiary services.

Offsetting these strengths are the system's flat inpatient demand and low revenue growth.

The outlook is stable, reflecting Moody's Investors Service's expectation that MWH's solid market profile will translate into sufficient cash flow.

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