Moody's Investors Service has affirmed San Diego-based Scripps Health's "Aa3" underlying and long-term ratings and the "Aa3/VMIG1" rating on the system's series 2012 variable rate demand bonds.
The rating affirmation was based on a number of factors, including Scripps' stable operating performance and improving liquidity levels.
The system's outlook is stable, which is based on Moody's expectation that "operating performance will be sustained at current levels, and that Scripps will be able to continue to fund its large capital program while maintaining appropriate liquidity and debt service coverage levels."
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