Moody's assigns 'Aa2' and 'Aa2/VMIG 1' ratings to Inova Health System's bonds

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Moody's Investors Service has assigned an "A2" rating to Falls Church, Va.-based Inova Health System's series 2016A and 2016B bonds, as well as an "Aa2/VMIG 1" rating to Inova's series 2016C bonds.

The rating assignments are based on several factors, including Inova's robust financial performance, excellent liquidity position and leading market position.

Inova also faces numerous challenges, including elevated planned capital spending through fiscal year 2020.

The outlook is stable, reflecting Moody's Investors Service's expectation that Inova's liquidity will remain strong and its operating cash flow margins will remain close to historical averages.

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