Moody's assigns 'A1' rating to CentraCare Health System's bonds

Moody's Investors Service has assigned an "A1" rating to St. Cloud, Minn.-based CentraCare Health System's series 2016A bonds to be issued through the City of St. Cloud with a par amount not to exceed $203.2 million.

 

The rating assignment is based on several factors, including CentraCare's consistently strong margins and dominant market position.

The outlook is stable, reflecting Moody's Investors Service's expectation that CentraCare will maintain its balance sheet measures and favorable financial performance over the next 12 to 18 months.

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