Moody's Investors Service assigned its "Aa3" rating to Columbia City, Ind.-based Parkview Health System's proposed $115.5 million series 2017A hospital revenue refunding bonds issued by the Indiana Finance Authority. The bonds will mature in 2030.
Additionally, Moody's affirmed its "Aa3" rating to Parkview Health System's outstanding debt,affecting $456 million of debt.
The rating assignment and affirmation are a result of several factors, including Parkview's healthy financial performance, solid debt service coverage, vast variety of services, improvement in liquidity metrics and feasible capital spending.
The outlook is stable, which reflects Moody's expectation that the health system's strong operating performance and balance sheet metric improvement will continue.