Moody's Investors Service affirmed its "Baa1" rating on Wenatchee-based Central Washington Hospital's revenue bonds, affecting $113 million of debt.
The affirmation is a result of several factors, including the hospital's solid operating performance, improved liquidity and healthy market position. Moody's unfavorably viewed the hospital's weaker balance sheet, high debt metrics and a challenging service area.
The outlook is stable, reflecting Moody's expectation that performance measures will remain solid as balance sheet and debt metrics improve.