Fitch affirms ‘AA-‘ rating on University of Chicago Medical Center

Fitch Ratings affirmed its “AA-” rating on University of Chicago Medical Center’s bonds, affecting $750 million of debt.

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Concurrently, Fitch assigned its “AA-” issuer default rating to UCMC.

The affirmation and assignment are based on several factors, including UCMC’s broad reach for high-acuity services, strong capital-related ratios and close ties to University of Chicago. Fitch also acknowledged the UCMC’s highly competitive service area.

The outlook is stable.

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