Moody's Investors Service assigned an "Aa3" rating to Minneapolis-based Allina Health System's proposed $150 million of series 2017 fixed-rate taxable bonds and $76 million of proposed series 2017A fixed-rate healthcare system revenue refunding bonds.
The ratings agency also affirmed the "Aa3" rating on the health system's approximately $837 million of outstanding revenue bonds.
The ratings assignment is based on a number of factors, including the health system's large size and scope of operations, favorable balance sheet metrics and leading market position.
The outlook is stable, reflecting Moody's Investors Service's expectation the health system will maintain its stable operating cash flow and achieve sufficient surpluses to rebuild liquidity.