Moody's Investors Service assigned a "Baa2" rating to Rancho Mirage, Calif.-based Eisenhower Medical Center's proposed $100 million series 2017B revenue refunding bonds with final maturity in 2047.
Moody's also affirmed a "Baa2" rating on $363 million of debt.
The assignment is based on a number of factors, including the medical center's strong market position, consistent cash flow and operating surpluses.
The outlook is stable, reflecting Moody's expectation that Eisenhower Medical Center will continue to produce strong margins.