|Expense Ratio (net)||N/A|
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|Morningstar Risk Rating||N/A|
|Beta (5Y Monthly)||N/A|
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Moody's Investors Service ("Moody's") assigned a Baa3 rating to the new senior secured notes being issued by Dell International L.L.C. and EMC Corporation, as co-issuers, which are wholly-owned subsidiaries of Dell Technologies, Inc. Dell Inc.'s existing ratings, including the Ba1 Corporate Family Rating (CFR), and stable rating outlook are not affected. Moody's expects Dell to use the proceeds from the issuance to repay maturing debt over the next 12 to 24 months.
Moody's Investors Service has affirmed Eisenhower Medical Center's, CA (Eisenhower) Baa2 rating. The rating action affects approximately $330 million of debt, issued through the California Municipal Finance Authority and Rancho Mirage Joint Powers Financing Authority. Affirmation of the Baa2 is attributable to our expectation that Eisenhower will maintain stable operating performance that will meet or exceed budget in fiscal 2020 while maintaining balance sheet measures at approximately current levels.
Moody's Investors Service (Moody's) has withdrawn all ratings for EMC Corporation's (EMC) senior notes. The ratings have been withdrawn pursuant to Moody's guidelines for the withdrawal of ratings, as insufficient information is available to Moody's to assess EMC's standalone creditworthiness and the senior notes issued by EMC are not guaranteed by its parent, Dell Inc. The ratings for Dell Inc. and its other subsidiaries and Dell Inc.'s ratings outlook are not affected by this rating action.