Moody's Investors Service assigned its "Aa1/VMIG 1" rating to Lynchburg, Va.-based Centra Health's letter of credit backed series 2017B and 2017C revenue and refunding bonds which are scheduled for issuance on July 25.
The short-term assignment is based on Moody's expectation that a timely payment will occur. The long-term assignment is based on the low probability of joint default between the Branch Banking and Trust Company and Centra Health.