Moody’s rates Sinai Health notes Aa2

Moody's Investors Service said it assigned an Aa2 debt rating to Sinai Health System's planned C$200 million senior unsecured debenture.

The outlook is stable.

The Aa2 rating reflects the close relationship and strong financial linkages between Sinai Health and the province of Ontario, which funds, regulates, oversees and closely monitors the provincial hospital sector, Moody’s said.

The high investment-grade rating reflects the company’s stable operating profile, manageable debt and low interest burden, the agency said.

The rating also considers its strong market position and brand name as one of Ontario's preeminent health care institutions, Moody’s said.

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