Moody's affirms '#Aaa' rating to CentraCare Health System's bonds
Moody's Investors Service assigned an "#Aaa" rating to St. Cloud, Minn.-based CentraCare Health System's series 2010A revenue bonds.
The ratings action affects $76,700,000 of debt pre-refunded following the health system's May 12, 2016 escrow agreement.
According to Moody's Investors Service's Rating Symbols and Definitions guide, the hatch mark preceding the "Aaa" rating refers to "issues that are secured by escrowed funds held in trust, reinvested in direct, non-callable US government obligations or non-callable obligations unconditionally guaranteed by the US Government or Resolution Funding Corporation."
The outlook is stable.
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