Moody's Investors Service has assigned an initial "Baa3" rating to Yakima (Wash.) Valley Memorial Hospital's series 2016 bonds.
The rating assignment is based on a number of factors, including Yakima's strong market share and solid operating performance.
Yakima also faces several challenges, including a relatively weak balance sheet.
The outlook is stable, reflecting Moody's Investors Service's expectation that Yakima will maintain operating performance at or near current levels and will slowly strengthen its balance sheet.