The assignment is a result of the authority and medical center’s solid liquidity metrics to provide support for rent payments and the limited joinder to Baylor Scott & White-Irving, which states that Baylor Scott & White Holdings, the parent company, will pay the rent if the medical center in Irving can’t. Moody’s also acknowledged Baylor Scott & White Medical Center-Irving’s weak credit quality.
The outlook is stable, reflecting the medical center’s liquidity to pay rent during a period of financial pressure.
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