Moody's Investors Service affirmed an "A1" rating on Appleton, Wis.-based ThedaCare's debt issued through the Wisconsin Health and Educational Facilities Authority, affecting $231 million of outstanding debt.
The affirmation is a result of several factors, including the company's strong market position, durable balance sheet and limited risk related to its debt structure.
The outlook is stable, reflecting Moody's expectation that ThedaCare's strong operating performance and balance sheet metrics will continue through fiscal year 2017.