Moody's assigns 'Baa1' rating to Washington Regional Medical Center's series 2015 bonds

Moody's Investors Service has assigned a "Baa1" rating to Fayetteville, Ark.-based Washington Regional Medical Center's $112 million of series 2015 bonds.

Various factors supported the rating assignment, including Washington Regional's market share, which is more than 60 percent in its primary service area. The hospital has also experienced strong volume growth this year, which supported the rating assignments, according to Moody's.

Washington Regional's challenges, which were also considered, include the hospital's "moderate absolute size" and the high degree of payer concentration in Arkansas, according to Moody's.

Moody's also affirmed a "Baa1" rating on Washington Regional's $96 million of outstanding debt. Washington Regional has a "stable" outlook.

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