Fitch assigns 'AA-' rating to Cedars-Sinai Medical Center's bonds

Fitch Ratings assigned an "AA-" rating to Los Angeles-based Cedars-Sinai Medical Center's $275 million of series 2016A bonds and $400 million of series 2016B bonds.

The rating assignment is based on a number of factors, including CSMC's sustained strong profitability, solid market position and growing liquidity.

The outlook is stable.

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