Fitch Ratings affirmed its "AA-" rating on Palos Heights, Ill.-based Palos Community Hospital's series 2010C revenue bonds, affecting $139 million of debt.
Concurrently, Fitch assigned its "AA-" issuer default rating to the community hospital.
The assignment and affirmation are a result of several factors, including the hospital's strong market share in its primary service area, solid debt coverage and favorable liquidity metrics. Fitch also acknowledged the hospital's highly-competitive market and expansion project.
The outlook is stable.