Moody's Investors Service has assigned an "Aa3" rating to Charlotte, N.C.-based Carolinas HealthCare System's proposed $365 million of series 2016A bonds.
The "Aa3" rating is attributable to CHS' large size, cash flow diversity and solid operating performance. CHS also faces several difficulties, including payer mix challenges and its concentration in the Charlotte metro area.
The outlook is stable, reflecting Moody's Investors Service's expectation that CHS will continue to generate financial results at current levels.