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.
More articles on ratings:
Moody’s downgrades Reading Hospital and Medical Center’s rating to ‘A1’
Fitch affirms ‘BBB’ rating assigned to Martin County Hospital District’s bonds
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
