Fitch affirms 'AA-' rating on Greenville Health System's bonds

Fitch Ratings affirmed the "AA-" rating on Greenville (S.C.) Health System's bonds.

The bonds include:

  • $85.2 million of series 2014B hospital revenue bonds
  • $92.9 million of series 2012 hospital refunding revenue bonds
  • $43 million of series 2008A hospital revenue refunding bonds
  • $60.6 million of series 2008B hospital revenue refunding bonds
  • $60.6 million of series 2008C hospital revenue refunding bonds
  • $53.1 million of series 2008D hospital revenue refunding bonds
  • $80.5 million of series 2008E hospital revenue refunding bonds
  • $15.7 million of series 1990 hospital revenue refunding bonds

The ratings affirmation is based on several factors, including GHS' transition from a public entity to a private nonprofit organization and positive underlying credit factors.

The outlook is stable.

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