Moody's Investors Service has affirmed Houston-based Texas Medical Center's underlying "A1" rating, affecting approximately $105 million of rated debt.
The rating is based on a number of factors, including TMC's unique role in coordinating capital investment, initiatives and services on a large medical complex.
The outlook is stable, reflecting Moody's Investors Service's expectation that TMC will continue to generate strong cash flow even as it funds the formation of five research institutes.