Moody's Investors Service has assigned a "P-1" rating to Chicago-based Northwestern Memorial HealthCare's proposed $100 million of series A commercial paper notes.
The "P-1" rating is based on NMHC's strong liquidity and processes to pay commercial paper maturities if needed.
Moody's also affirmed the "Aa2" rating on $1.2 billion of NMHC's outstanding debt. The rating affirmation is based on NMHC's prominent market position in the Chicago area and solid investment position.
The outlook is stable, reflecting Moody's Investors Service's expectation that NMHC will maintain strong operating cash flow margins, manage growth and integration risks with little disruption to operations and maintain liquidity metrics.
More hospital outlook and credit rating actions:
Moody's changes CHS' outlook from stable to developing
S&P revises Phoebe Putney Memorial Hospital's outlook to stable
Moody's affirms Northwestern Memorial HealthCare's 'VMIG 1' ratings