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Moody's rates Sutter Health, Calif., bonds Aa3
Moody's Investors Service said it assigned an Aa3 long-term rating to Sutter Health's $629.15 million of series 2008A and 2008B fixed-rated refunding revenue bonds.
The issue includes $329.15 million of series 2008A bonds to be issued by the California Health Facilities Financing Authority and $300 million of series 2008B bonds to be issued by the California Statewide Communities Development Association.
Series 2008A is expected to sell on April 24, and series 2008B is expected to sell on May 8.
Moody's also said it affirmed the Aa3 underlying and long-term ratings on Sutter's outstanding parity debt.
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