Moody's Investors Service has affirmed the "Aa3" long-term rating assigned to Chapel Hill-based University of North Carolina Hospitals, affecting $245 million of debt. Moody's has also affirmed the "Aa3"/VMIG 1 rating assigned to the series 2003A and 2003B bonds.
Additionally, Moody's has affirmed UNC Hospitals' VMIG 1 rating on the series 2001A and 2001B bonds in conjunction with the existing SBPA substitutions.
The affirmation of the "Aa3" long-term rating is based on several factors, including UNC Hospitals' strong market position and clinical reputation.
The rating outlook is stable, reflecting UNC Hospitals' significant improvement in financial performance and cash flow in fiscal year 2015.