Moody's Investors Service affirmed the "A3" rating on Nashville, Tenn.-based Vanderbilt University Medical Center's approximately $926 million of outstanding bonds.
The ratings affirmation is based on a number of factors, including the medical center's favorable operating performance and better-than-expected operating cash flow projections through mid-fiscal year 2017.
The outlook is stable, reflecting Moody's Investors Service's expectation VUMC's financial performance will continue at its modest levels for the foreseeable future.