Moody's Investors Service has assigned an "A3" rating to Great Neck, N.Y.-based North Shore-Long Island Jewish Health System's proposed series 2015A revenue bonds to be issued through the Dormitory Authority of the State of New York.
The rating assignment was based on a number of factors, including North Shore-LIJ's significant size and strong and growing market share.
The system also faces some challenges, which were considered for the rating assignment, including integration of several acquisitions.
North Shore-LIJ's outlook is stable, which "reflects the system's modest leverage, successful history of hospital integration, and modest ramp up at the insurance division," according to Moody's.
More articles on healthcare finance:
283 rural hospitals vulnerable to closure: 5 things to know
LifePoint profit increases on higher admissions: 5 things to know
North Shore-LIJ sees operating gains in 2014