Report

Moody's Ratings upgrades Waystar's CFR to Ba3 from B1 on strong growth and balanced financial strategies; outlook is stable

Rating Action: Moody's Ratings upgrades Waystar's CFR to Ba3 from B1 on strong growth and balanced financial strategies; outlook is stable. Global Credit Research- 18 Mar 2026. New York, March 18, 2026-- Moody's Ratings upgraded Waystar Holding Corp.' s corporate family rating to Ba3 from B1 and its probability of default rating to Ba3-PD from B1-PD.
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Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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