Moody's Investors Service affirmed the "Aa3" rating on San Diego, Calif.-based Rady Children's Hospital and Health Center's revenue bonds issued by the California Statewide Communities Development Authority and California Health Facilities Financing Authority, affecting $379 million of debt.
The affirmation is a result of several factors including Rady's healthy balance sheet metrics, clinical excellence rating and strong market position in pediatric services.
The outlook is stable reflecting Moody's expectation that the hospital's debt measures will improve and operating performance will stabilize.