Moody’s also affirmed the “Aa3” rating on Cedars Sinai’s $960 million of debt.
The rating assignment and affirmation are based on a number of factors, including Cedars-Sinai’s large size, strong reputation and excellent financial performance.
The outlook is stable, reflecting Moody’s Investors Service’s expectation that Cedars-Sinai will continue to grow patient volumes and revenue.
More articles on healthcare finance:
MIPS breakdown: 7 must-know parts of the MACRA final rule
BuildMyBod launches price database for ASCs and other providers
Baltimore EDs see $80M spent on gunshot wounds over last 5 years
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
