Fitch affirms ‘BBB-‘ on Wright Memorial Hospital

Fitch Ratings affirmed its “BBB-” rating on Trenton, Mo.-based Wright Memorial Hospital’s series 2009 revenue bonds, affecting $26 million of debt.

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Concurrently, Fitch assigned its “BBB-” issuer default rating to the hospital.

The affirmation and assignment are based on several factors, including the hospital’s steady market position, improving profitability and strong integration with Kansas City, Mo.-based St. Luke’s Health System. Fitch unfavorably viewed the hospitals high leverage and limited liquidity.

The outlook is stable.

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