Fitch affirms ‘BBB+’ rating on Lifespan’s bonds

Fitch Ratings affirmed its “BBB+” rating on Providence, R.I.-based Lifespan’s revenue refunding bonds. In addition, Fitch assigned Lifespan an issuer default rating of “BBB+.”

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The affirmation and assignment are based on several positive and negative factors, including Lifespan’s leading market share, manageable capital needs, sufficient leverage metrics, coupled with thin operating margins and a challenging operating environment.

The outlook is stable.

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