Moody's Investors Service upgraded Milwaukee-based Medical College of Wisconsin's revenue bonds to "Aa3" from "A1," affecting $236 million of debt.
The upgrade is based on several factors, including MCW's balance sheet growth, moderate leverage profile, manageable debt load and strong market position. Moody's also acknowledged the medical college's high reliance on patient care, which exposes the organization to the volatile healthcare sector.
The outlook is stable, reflecting Moody's expectation that the medical college will continue to draw in a large number of students and maintain its stable cash flow.