Moody's affirms 'Aa3' rating on Virginia Commonwealth University Health System's bonds

Moody's Investors Service affirmed the "Aa3" rating on Richmond-based Virginia Commonwealth University Health System's bonds, affecting approximately $315 million of rated debt.

The ratings affirmation is based on a variety of factors, including the organization's clinical excellence, solid operating performance and strong credit profile.

The outlook is stable, reflecting Moody's Service's expectation VCU Health System will sustain its cash flow margins at close to current levels, maintain its liquidity and will not experience material incremental debt.

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