Moody's Investors Service affirmed its "Baa2" rating on The Washington (Pa.) Hospital's outstanding debt, affecting $32.4 million.
The affirmation is a result of several factors, including the hospital's healthy balance sheet metrics, strong market position and low leverage. Moody's also acknowledged the TWH's small operating revenue base and high debt burden relative to liquidity.
The outlook was revised to stable from positive, reflecting TWH's declining patient volumes and weakening margins. The stable outlook reflects Moody's expectation that the hospital will maintain an adequate operating performance in the near term.