Moody's Investors Service has assigned an "A1" rating to Houston-based Memorial Hermann Health System's proposed $129 million of fixed rate bonds.
The rating assignment is based on several factors, including Memorial Hermann's status as a large, $4.8 billion health system with a leading market position and favorable demographics.
The outlook is positive, reflecting Moody's Investors Service's expectation that Memorial Hermann will maintain its strong operating margins and liquidity.
Moody's also assigned "A1/NR" ratings to Memorial Hermann's proposed series 2016B-1, series 2016B-2, series 2016B-3, series 2016C, series 2016D and series 2016E variable rate bonds.