Moody's Investors Service has assigned an initial "A2" rating to Dayton, Ohio-based Premier Health Partners' proposed series 2016 bonds, affecting an aggregate amount of up to $580 million.
The initial rating assignment is based on several factors, including Premier's history of profitability and leading market share.
The outlook is stable, reflecting Moody's Investors Services expectation that Premier will maintain its performance despite recent operating pressures and as it ramps up its new health plan.
Moody's also downgraded Dayton, Ohio-based Miami Valley Hospital's ratings to "A2" and "A2/VMIG 1" from "Aa3" and "Aa3/VMIG 1."