Moody's Investors Service has assigned an "Aa3" rating to Tacoma, Wash.-based MultiCare Health System's proposed $364 million of series 2015A&B fixed rate revenue bonds.
Moody's also affirmed the "Aa3" long-term and underlying rating on the five-hospital system's parity debt.
The rating action was based on the system's continued strong operating performance and good balance sheet measures, according to Moody's.
MultiCare's outlook is stable, which reflects Moody's belief that the system "will continue to produce robust financial results, sustain debt measures, and maintain a stable market position."
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