Concurrently, Fitch assigned its “AA-” issuer default rating to St. Clair Hospital.
The affirmation and assignment are based on several factors, including the hospital’s solid market position, strong leverage metrics, ample liquidity and healthy operating performance. Fitch also acknowledged the hospital’s highly competitive service area and upcoming period of elevated capital spending.
The outlook is stable.
More articles on healthcare finance:
Louisiana House passes budget with deep cuts to healthcare that could shutter hospitals: 6 things to know
Consumerism and the patient payment transition: 2 experts discuss
Memorial Hermann exec: Consumers expect convenient bill pay — It’s time for healthcare to catch up
