The “Aa3” rating affirmation is based on a number of factors, including SHC’s strong financial performance, above average revenue growth and solid market position as one of two key academic medical centers in the Bay Area.
The “P-1” and “VMIG 1” ratings are based on the strength of SHC’s self-liquidity program.
The outlook is stable, reflecting Moody’s Investors Service’s expectation that SHC’s sustainable cash flow will help generate solid debt service coverage.
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