Moody's Investors Service has assigned an "Aa3" rating to Providence Health & Services' proposed $71.1 million of series 2015C fixed-rate revenue bonds.
The rating assignment is based on several factors, including improvement in operating performance, stable balance sheet measures and PHS' leading position in most of its markets.
The rating outlook is stable, reflecting Moody's expectation that operating and balance sheet measures will remain stable at current levels.