Moody's Investors Service assigned an "A1" rating to Charleston-based Medical University of South Carolina's proposed $24 million of series 2017 revenue refunding bonds.
The ratings assignment is based on a number of factors, including the university's role as a public academic medical center with strong student demand, ongoing support from the state and stable operating performance.
The ratings agency also affirmed the "A1" rating on the university's approximately $27 million of series 2006 bonds.
The outlook is stable, reflecting Moody's Investors Service's expectation MUSC and its patient care enterprise will maintain its sound market position and healthy operating performance.