Moody's Investors Service has assigned an "Aa2" rating to Altamonte Springs, Fla.-based Adventist Health System's proposed series 2016A, series 2016B and 2016C bonds, affecting a total of $395.5 million.
The rating assignment is based on a number of factors, including Adventist's historically strong financial performance and ample liquidity position. Challenges include its existence in a highly competitive market.
The outlook is stable, reflecting Moody's Investors Service's belief that Adventist will continue to report strong financial results while maintaining ample liquidity.
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