Moody's Investors Service has affirmed the "A1" ratings assigned to Los Angeles-based Cedars-Sinai Medical Center's revenue bonds and revised the medical center's outlook to positive from stable.
The rating affirmation was based on a number of factors, including Cedars-Sinai's "large size and strong reputation for clinical services and research, excellent financial performance that is projected to remain strong, combined with strong and improving balance sheet metrics," according to Moody's.
Moody's anticipates Cedars-Sinai's operating performance will continue to be above average.
The medical center faces some challenges, which were considered for the rating affirmation, such as pressure on federal funding for research and graduate medical education and "a somewhat aggressive investment profile."
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