Moody's Investors Service affirmed the "A3" rating on Torrance (Calif.) Memorial Medical Center's revenue bonds, affecting approximately $235 million of rated debt.
The ratings affirmation is based on a variety of factors, including the medical center's stable and good market share in a service area with strong wealth levels and stable cash flow margins.
The outlook is stable, reflecting Moody's Investors Service's expectation the medical center will continue to maintain a financial performance similar to the results it achieved in fiscal year 2016.