Moody's Investors Service assigned an "Aa3" rating to Aurora-based University of Colorado Authority's proposed $153 million of series 2017A direct-loan bonds and $304 million of series 2017C bonds.
The rating affirmation is based a variety of factors, including the organization's clinical excellence, broad footprint, strong operating performance and strong liquidity.
Moody's also assigned an "Aa3/VMIG1" rating to UCHA's proposed $116 million of series 2017B variable-rate demand bonds, and affirmed the "Aa3" rating on the organization's outstanding debt.
The outlook is stable, reflecting Moody's Investors Service's expectation UCHA's overall performance will remain strong.