Moody's Investors Service has assigned an "Aa2" rating to Iowa City-based University of Iowa Hospitals and Clinics' series SUI 2016 hospital revenue refunding bonds, affecting $32.1 million.
The rating assignment is based on a number of factors, including UIHC's broad market reach for high-end services, strong market share and track record of profitability.
The outlook is stable, reflecting Moody's Investors Service's expectation that UIHC will sustain adequate operating margins, which will lead to continued solid debt coverage and sound liquidity.