Moody's Investors Service has assigned an "A2" rating to Orlando (Fla.) Health's proposed series 2016A, 2016B and 2016C bonds.
The rating assignment incorporates several factors, including Orlando Health's second year of improved financial performance.
The outlook is stable, reflecting Moody's Investors Service's expectation that Orlando Health will continue its strong financial performance in fiscal years 2016 and 2017.
Moody's also upgraded Orlando Health's outstanding ratings to "A2" from "A3," affecting approximately $796 million.