Fitch Ratings upgraded Wenatchee-based Central Washington Hospital's series 2015 and 2009 revenue bonds to "A-" from "BBB+," affecting about $113.4 million of debt.
Additionally, Fitch assigned CWH an issuer default rating of "A-."
The upgrade and assignment are based on several factors, including CWH's strong market position, favorable payer mix, low leverage and healthy liquidity metrics. Fitch also acknowledged the hospital's weak operating margin.
The outlook is stable.