Moody's Investors Service has assigned an "Aa3" rating to Sacramento, Calif.-based Sutter Health's proposed series 2016A fixed rate revenue bonds and affirmed the "Aa3" ratings on Sutter's outstanding parity debt.
The rating assignment is based on a number of factors, including Sutter's large size, steady cashflow production and strong presence in northern California.
The outlook is stable, assuming operating measures and balance sheet measures will continue to improve.