Concurrently, Fitch affirmed its “A” issuer default rating to WCHN.
The affirmation is a result of several factors, including the health network’s leading market position, large employed physician base and solid leverage ratios. Fitch also acknowledged the health network’s weaker financial performance over the past three fiscal years.
The bonds were removed from rating watch negative. The outlook is stable, reflecting Fitch’s expectation that the health network’s financial performance will rebound to historical levels.
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