S&P Global Ratings assigned its "AA-" rating to California Health Facilities Financing Authority's 2017A refunding revenue bonds issued for Sacramento, Calif.-based Sutter Health, affecting $440.9 million in debt.
In addition, S&P affirmed the "AA-" rating on Sutter Health's existing debt.
"The 'AA-' rating reflects Sutter's strong enterprise profile largely in northern and central California, combined with an adequate financial profile," said Martin Arrick, S&P Global Ratings credit analyst.
The outlook on all ratings is stable, reflecting S&P's expectation that Sutter Health will continue to have consistent operating performance, maintain its strong market position and sustain solid financial metrics.