Standard & Poor's Ratings Services has assigned an "AA-" long-term rating to Sacramento, Calif.-based Sutter Health's $500 million of series 2016A revenue bonds.
"The rating on Sutter Health reflects a strong enterprise profile largely in northern California, combined with a solid financial profile," said S&P credit analyst Martin Arrick.
The outlook is stable, reflecting S&P's view of Sutter's comprehensive physician strategy and strong market presence in northern California.