Fitch affirms 'AA' rating on Presbyterian Healthcare

Fitch Ratings affirmed its "AA" rating of Albuquerque, N.M.-based Presbyterian Healthcare Services' outstanding bonds, affecting $850 billion of debt. At the same time, Fitch assigned its "AA" issuer default rating to the health system.

The assignment and affirmation are based the health system's robust financial profile, characterized by strong liquidity ratios and sustained profitability as well as its healthy market position.

The outlook is stable.

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