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>> MOODY'S Latest News

JUN 23, 2014 - Washington Business Journal

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Wake Forest Baptist's credit rating under review

Moody's Investors Services is reviewing the A1 bond rating it gave Wake Forest Baptist Medical Center's last year, according to the Winston-Salem Journal. That A1 rating was a downgrade from Aa3 at the time. Wake Forest Baptist has seen an operating downturn and has responded with staff and budget cuts, benefit reductions and other measures. The rating is based on interim financials for fiscal year 2014, including a nearly $104 million write-off of accounts receivable. Moody's said interim results…

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