Moody's Investors Service has assigned an "A3" rating to Visalia, Calif.-based Kaweah Delta Health Care District's proposed series 2015B revenue bonds.
Moody's has also affirmed the "A3" rating on KDHCD's outstanding revenue bonds.
The rating assignment is based on a number of factors, including KDHCD's strong market position, excellent balance sheet and stable operating performance.
The outlook is stable, reflecting Moody's expectation that KDHCD will continue to generate favorable cash flow and balance sheet metrics.