Fitch affirms ‘BBB-‘ rating on Oaklawn Hospital’s bonds

Fitch Ratings affirmed the “BBB-” rating on Marshall, Mich.-based Oaklawn Hospital’s series 2016 revenue bonds, affecting $63 million of debt.

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The affirmation is a result of several factors, including the hospital’s solid operating margin, adequate debt coverage and strong market position. Fitch also acknowledged the hospital’s modest cash-to-debt measures.

The outlook is stable. 

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