The credit ratings agency said it expects Vidant will "continue to record strong operating results" and grow its liquidity. Moody's affirmation comes as Vidant announced it would close Vidant Pungo Hospital, a 25-bed critical access hospital in Belhaven, N.C. Vidant President and CEO David Herman, MD, said the system voted to shut down the CAH and instead "seek affordable and sustainable solutions for healthcare delivery" in the region, which will include a new $4 million multispecialty clinic. In a FAQ section on Vidant's website, the system also said closing Vidant Pungo Hospital was necessary due to the facility's poor condition and the high operating costs. "We looked at a number of options and neither the community nor Vidant Health can afford to sustain the losses incurred by the hospital," according to the system's website.