Moody's assigns 'Baa1' to Community Hospitals of Central California's bonds

Moody's Investors Service assigned a "Baa1" rating to Fresno-based Community Hospitals of Central California's proposed $397 million of series 2017A fixed rate revenue bonds.

The ratings assignment is based on a number of factors, including CHCC's large revenue base, good market position and strong clinical services.

Moody's also affirmed the "Baa1" rating on CHCC's $534 million of outstanding debt.

The outlook was revised to positive from stable, reflecting Moody's Investors Service's expectation CHCC will continue to improve its balance sheet and debt measures, and that its operating measures will remain strong.

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