Moody's Investors Service has assigned an "Aa3" rating to Asheville, N.C.-based Mission Health System's proposed $54 million of series 2016 bonds and $105 million of series 2017 bonds.
The rating assignment is based on a number of factors, including Mission Health's multi-year trend of strong revenue growth, improved financial performance and an above average liquidity position.
The outlook is stable, reflecting Moody's Investors Service's expectation that Mission Health's performance will be maintained.