Concurrently, Moody’s is affirming its “Aa3” rating on SHC’s outstanding debt.
The assignment and affirmation are a result of several factors, including SHC’s large size, leading market position, strong reputation and favorable service area. Moody’s also acknowledged the health system’s heightened leverage as a result of upcoming capital projects.
The outlook is stable, reflecting Moody’s expectation that Stanford will execute its new hospital project within budget.
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