Additionally, Fitch affirmed a “F1+” short-term rating on SCL Health’s 2016A and 2016C revenue bonds issued by the Colorado Health Facilities Authority, affecting $111 million of debt.
The long-term affirmation is a result of several factors, including the health system’s manageable capital spending, solid operating performance, stable liquidity metrics and geographic diversity. Fitch also acknowledged SCL Health’s heavy debt burden as a credit risk.
The short-term affirmation is a result of the health system’s adequate ability to fund unaccounted for expenses through self-liquidity.
The outlook is stable.
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