Fitch Ratings affirmed the "BBB+" rating on Denver Health and Hospital Authority's approximately $279 million of bonds.
The bonds include:
- Series 2007A
- Series 2007B
- Series 2009A
- Series 2010
- Series 2014A
- Series 2014B
The ratings affirmation is based on a variety of factors, including the hospital authority's declining financial profile, diminished liquidity position and elevated capital spending plan.
Fitch Ratings also revised the outlook to negative from stable.