Fitch affirms 'BBB+' rating on Silver Cross Health System

Alia Paavola - Print  | 

Fitch Ratings affirmed its "BBB+" rating on New Lenox, Ill.-based Silver Cross Health System's outstanding bonds, affecting approximately $361 million of debt.

Concurrently, Fitch assigned its "BBB+" issuer default rating to SCHS.

The affirmation and assignment are a result of the health system's dominant market position, favorable payer mix, strong operating performance and improving leverage metrics.

The outlook is stable.

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