Moody's Investors Service affirmed the "A1" rating on Winchester, Va.-based Valley Health System's revenue bonds issued through the West Virginia Hospital Finance Authority, the Economic Development Authority of the City of Winchester and the Winchester Industrial Development Authority, affecting $179 million of debt.
The affirmation is a result of several factors, including the health system's strong market position, healthy operating performance and substantial financial reserves.
The outlook is stable, reflecting Moody's expectation that the health system will continue its healthy operating performance and effectively manage near-term debt issuance.