Moody's Investors Service assigned a "Baa2" rating to Chelan County (Wash.) Public Hospital District 2 and downgraded the district's issuer rating from "Baa1" to "Baa2."
The district includes Lake Chelan (Wash.) Community Hospital, and the ratings reflect Moody's expectation that the hospital will not improve its weak cash flow margin and thin liquidity. However, the rating is supported by a growing tax base.
The rating outlook was revised from negative to stable.