In addition, Fitch affirmed its “BBB” rating on CCHD’s series 2009 revenue bonds, affecting $4.99 million of debt.
The affirmations are a result of CCHD’s significant tax margin and strong operating performance as a result of this tax margin. Fitch also acknowledged the district’s reliance on a small number of physicians and narrow population base as a critical access hospital.
The outlook is stable.
More articles on healthcare finance:
Highmark Health gifts Penn State Health $25M as part of $1B partnership
7 latest hospital credit downgrades
12 hospitals seeking RCM talent
