Moody's Investors Service has assigned an "Aa2" rating to St. Louis-based BJC Health System's proposed $150 million of series 2015 taxable fixed rate revenue bonds.
The rating assignment was supported by a number of factors, including the 11-hospital system's "track-record of double-digit operating cash flow margins" and strong liquidity, according to Moody's.
BJC also faces some challenges, which were considered for the rating assignment, such as having sizeable indirect debt.
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