Moody's affirms New York-Presbyterian Hospital's issuer, bond ratings

Moody's Investors Service affirmed its "Aa2" issuer rating and its "Aa3" bond rating on New York City-based NewYork-Presbyterian Hospital.

The issuer rating is a result of New York-Presbyterian's strong brand and academic affiliations with two medical schools, near completion of a large fundraising campaign, stable cash flow margins and growing liquidity. Moody's acknowledged New York-Presbyterian's high leverage.

The bond rating affirmation takes into account the strengths above, as well as the control the Federal Housing Authority has on various assets and business decisions at the hospital.

The outlook is stable, reflecting Moody's expectation that the system will maintain its cash flow margins, brand reputation and liquidity, while it works to improve leverage metrics.

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