Moody's Investors Service has assigned an "A1" rating to Kansas City, Mo.-based Saint Luke's Health System's proposed series 2016 fixed rate revenue bonds, affecting $260 million.
The rating assignment is based on a number of factors, including SLHS' maintenance of stable operating margins, broad market reach and adequate debt ratios.
The outlook is stable, reflecting Moody's Investors Service's expectation that SLHS will strengthen debt service coverage ratios, rebuild liquidity and continue to generate adequate operating margins at the "A1" rating level.
Moody's also affirmed the "A1" rating on SLHS' $342 million of existing outstanding rated debt.