Moody's Investors Service assigned a "Baa1" rating to Maple Grove (Minn.) Hospital's proposed $120 million of series 2017 fixed-rate revenue refunding bonds.
Moody's also affirmed the "Baa1" rating on MGH's series 2007 bonds and its $45 million of series 2015 bonds.
The ratings assignment is based on a variety of factors, including the hospital's stable, multiyear financial performance and balance sheet metrics and its leading market share position.
The outlook is stable, reflecting Moody's Investors Service's expectation the hospital's operating performance, balance sheet and liquidity measures will materially improve.