Concurrently, Fitch assigned its “BBB+” issuer default rating to LGH.
The affirmation and assignment are a result of several factors, including the hospital’s leading inpatient market share, minimal capital needs, steady operating performance and improving leverage metrics.
The outlook is stable.
More articles on healthcare finance:
Moody’s: Nonprofit hospital rating downgrades rose sharply in 2017
Disney pledges $100M to enhance the patient experience at children’s hospitals
University Medical Center operator threatens to terminate management agreement over budget impasse
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