Fitch Ratings affirmed its "AA-" rating on Pittsburgh-based St. Clair Hospital's series 2012 revenue bonds, affecting $17.9 million of debt.
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.