Fitch affirms 'BB' rating on MaineGeneral Health

Fitch Ratings affirmed its "BB" rating on Augusta-based MaineGeneral Health's outstanding series 2011 revenue bonds, affecting $280.4 million of debt.

Concurrently, Fitch assigned its "BB" issuer default rating on MaineGeneral.

The affirmation and assignment are based on several factors, including the health system's leading market share, sustained operating margins, limited capital needs and stable service area. Fitch also acknowledged MaineGeneral's weaker net leverage.

The outlook is stable.

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars