Moody's Investors Service has assigned an "Aa3" rating to Minneapolis-based Allina Health System's proposed $250 million of series 2015 fixed rate bonds.
Moody's has also affirmed the "Aa3" rating on Allina Health's outstanding bonds, affecting approximately $606 million of rated debt.
The rating assignment and affirmation are based on several factors, including Allina Health's favorable balance sheet measures and relatively stable operating performance over the past few years.
The outlook is stable, reflecting Moody's expectation that balance sheet measures will be maintained and future performance will remain consistent with fiscal year 2014 and results seen through the second quarter of 2015.