Moody's Investors Service has assigned an "A3" rating to New York City-based NYU Hospitals Center's series 2016A bonds and affirmed the "A3" rating on NYUHC's overall outstanding debt, affecting approximately $1.3 billion.
The rating assignment and affirmation are based on several factors, including NYUHC's sustained margins, clear strategic planning and growing clinical footprint.
The outlook is revised to positive from stable, reflecting Moody's Investors Service's expectation that NYUHC's operating margins will remain durable.