Moody’s assigns ‘Aa2’ to Northwestern Memorial HealthCare

Moody’s Investors Service assigned its “Aa2” rating to Chicago-based Northwestern Memorial HealthCare’s proposed $525 million series 2017A and $162 million series 2017B bonds.

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The assignment is a result of several factors including NMHC’s prominent market position, healthy investment position, solid margins and manageable leverage. Moody’s also acknowledged NMHC’s increasing competition and moderate monthly liquidity.

The outlook is stable, reflecting Moody’s expectation that NMHC will maintain solid operating cash flow margins to stabilize its liquidity metrics. 

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