The affirmation is a result of several factors, including the health system’s stable operating performance, strong market position in a competitive market, improved liquidity metrics and effective management practices. Fitch also acknowledged the risks associated with the health system’s front-loaded debt structure and upcoming capital spending project to replace its EHR.
The outlook was revised to positive from stable.
Fitch affirms ‘A-‘ rating on Baptist Health Care’s revenue bonds
Fitch Ratings affirmed its “A-” rating on Pensacola, Fla.-based Baptist Health Care’s series 2010A revenue bonds, affecting $141 million of outstanding debt.
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