Moody's Investors Service has assigned a "Baa1" rating to Ochsner Clinic Foundation's $155 million of series 2016 bonds to be issued through the Louisiana Public Facilities Authority.
Ochsner Clinic Foundation is owned by New Orleans-based Ochsner Health System.
The rating assignment is based on a number of factors, including Ochsner's improved financial performance and growing market position.
The outlook is positive, reflecting Moody's Investors Service's expectation that Ochsner will achieve its fiscal year 2016 budget near term projections.
Moody's has also affirmed the "Baa1" rating on Ochsner Clinic Foundation's outstanding rated debt, affecting $826 million.