Additionally, Moody’s affirmed the “Aa3” rating on Sutter Health’s outstanding parity debt.
The assignment and affirmation is a result of several factors, including Sutter Health’s stable cash flow, powerful presence in northern California, steady asset-liability structure and well funded pension plan.
The outlook on the ratings is stable reflecting Moody’s expectation that Sutter’s operating margins and balance sheet metrics will improve despite the $3.2 billion capital plan over the next three years.
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