The ratings agency also affirmed the “A1” and “A1/VMIG 1” ratings assigned to the health system’s $420 million of outstanding debt.
The ratings assignment is based on a number of factors, including the health system’s growing but modest debt burden relative to its size and good liquidity position.
The outlook is stable, reflecting Moody’s Investors Service’s expectation the health system will maintain its favorable, though likely lower, financial performance over the near term.
More articles on healthcare finance:
Fitch assigns ‘AA-‘ rating to Allina Health System’s bonds
Fitch places DeKalb Medical Center’s certificates on Rating Watch Negative
S&P assigns ‘AA-‘ rating to Allina Health System’s bonds
