Westerly Hospital gets improved bond rating
Published: October 11, 2009
WESTERLY, R.I.—It appears Westerly Hospital is on the right path as far as turning its financial situation around.
The hospital recently received a nod of approval from Standard & Poor’s, the bond rating agency improving the hospital’s outlook from negative to stable. Bond ratings are important because they help determine the interest rate on loans the hospital may need.
Like other community hospitals in the state, The Westerly Hospital has struggled with its finances in recent years
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