Moody's assigns 'Baa1' rating to Cabell Huntington Hospital

Moody's Investors Service assigned its "Baa1" rating to Cabell Huntington (W. Va.) Hospital's series 2018A and 2018B revenue refunding and improvement revenue bonds.  In total, the bonds are $260 million.

Concurrently, Moody's affirmed its "Baa1" rating on $79 million of the hospital's outstanding debt.

The affirmation and assignment are based on several factors, including the hospital's dominant market share, recent acquisition of Huntington-based St. Mary's Medical Center, as well as its long-standing relationship as a primary teaching affiliate of Marshall University School of Medicine.

The outlook is stable, reflecting Moody's expectation that Cabell Huntington will see improved operations after a period of suppressed margins due to the acquisition.

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