Moody's Investors Service affirmed its "Aa3" rating on Los Angeles-based Cedars Sinai Medical Center's revenue bonds, affecting $1.2 billion of debt.
The affirmation is a result of several factors, including Cedars-Sinai's strong reputation, favorable patient volumes, good financial performance and solid debt service coverage.
The outlook is stable, reflecting Moody's expectation that the Cedars-Sinai will maintain its strong operating performance, which will allow it to grow liquidity and keep its debt service coverage strong.