Moody’s assigns ‘A1’ rating to El Camino Hospital’s bonds

Moody’s Investors Service assigned an “A1” rating to Mountain View, Calif.-based El Camino Hospital’s proposed $266 million of series 2016 fixed rate revenue bonds.

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The rating assignment is based on a number of factors, including ECH’s favorable balance sheet, solid operating performance and status as a large provider in Silicon Valley.

The outlook is stable, reflecting Moody’s Investors Service’s expectation that ECH will continue to achieve favorable operating measures.

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