Moody's affirms 'Aa3' rating on Cedars-Sinai Medical Center

Moody's Investors Service affirmed its "Aa3" rating on Los Angeles-based Cedars Sinai Medical Center's revenue bonds, affecting $1.2 billion of debt.

The affirmation is a result of several factors, including Cedars-Sinai's strong reputation, favorable patient volumes, good financial performance and solid debt service coverage.

The outlook is stable, reflecting Moody's expectation that the Cedars-Sinai will maintain its strong operating performance, which will allow it to grow liquidity and keep its debt service coverage strong.

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