Fitch affirms Catholic Health System’s ‘BBB+’ rating

Fitch Ratings has affirmed the “BBB+” rating on Buffalo, N.Y-based Catholic Health System’s following bonds:

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  • $93.8 million of series 2015 bonds
  • $16.3 million of series 2012A and 2012B bonds
  • $21.2 million of series 2008(a) bonds
  • $9.8 million of series 2007A and 2007B bonds
  • $39.7 million of series 2006(a) bonds

The rating affirmation incorporates a number of factors, including CHS’ regional growth and adequate balance sheet.

The outlook is stable.

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