Moody's Investors Service affirmed its "A2" rating on Scottsdale, Ariz.-based Honor Health's revenue bonds, affecting $659 million of debt.
The affirmation is a result of several factors such as Honor Health's large market share, favorable operating performance and abundant revenue base.
The outlook is stable, reflecting Moody's expectation that Honor Health's healthy operating performance will continue and that the system will make progress on consolidating administrative and clinical services.