Moody's affirms Shands Teaching Hospital and Clinics' 'A3' rating

Moody's Investors Service affirmed the "A3" rating on Gainesville, Fla.-based Shands Teaching Hospital and Clinics' $610 million of outstanding debt.

The rating affirmation is based on a number of factors, including Shands' growing patient volumes, improved financial performance and relationship with Gainesville-based University of Florida College of Medicine.

The outlook is stable, reflecting Moody's Investors Service's expectation that Shands will perform in fiscal year 2017 as it did in FY 2016.

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