S&P Global Ratings has assigned an "AA-" rating to Sacramento, Calif.-based Sutter Health's $743.9 million of series 2016B bonds and $100 million of 2016C bonds.
"The rating on Sutter Health reflects a strong enterprise profile largely in northern California, combined with a solid financial profile," said S&P analyst Martin Arrick. "Sutter's enterprise profile is highlighted by a comprehensive and integrated operating profile with a sizable market presence primarily in the San FranciscoBay and Sacramento regions including hospitals, a sizable ambulatory presence, medical foundations and an emerging provider-sponsored health plan."
The outlook is stable.