Moody's assigns 'Aa3' rating to Cedars-Sinai Medical Center's bonds

Moody's Investors Service assigned an "Aa3" rating to Los Angeles-based Cedars-Sinai Medical Center's series 2016A and series 2016B bonds, expected to be issued in an aggregate amount of $675 million.

Moody's also affirmed the "Aa3" rating on Cedars Sinai's $960 million of debt.

The rating assignment and affirmation are based on a number of factors, including Cedars-Sinai's large size, strong reputation and excellent financial performance.

The outlook is stable, reflecting Moody's Investors Service's expectation that Cedars-Sinai will continue to grow patient volumes and revenue.

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