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
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