Moody's Investors Service has affirmed The Washington (Pa.) Hospital's "Baa2" bond rating, affecting $59.9 million of outstanding debt issued through the Washington County Hospital Authority.
The rating affirmation is based on several factors, including TWH's good balance sheet position and relatively low leverage.
The rating outlook is revised to positive from stable, reflecting TWH's improving performance over the last two years. It is expected to be sustainable given the hospital's leading market share and management's focus on revenue growth and expense management.