Fitch affirms 'A-' on Beloit Health System, revises outlook to positive

Fitch Ratings affirmed its "A-" rating on Beloit (Wis.) Health System's revenue bonds, affecting $42.9 million of debt.

Concurrently, Fitch assigned its "A-" issuer default rating to the health system.

The affirmation and assignment are based on several factors, including the health system's strong market position, favorable payer mix, consistent operating profitability and solid leverage position.

The outlook has been revised to positive from stable.

More articles on healthcare finance:
Allegheny Health Network posts slim profit in Q1: 5 things to know
Consumerism and the patient payment transition: 2 experts discuss
Mississippi hospital changes ER pricing policy after newspaper's probe into child's expensive visit

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months