Fitch affirms Mercy Medical Center’s bond rating

Fitch Ratings has affirmed the “BB+” rating on $68.4 million of Canton, Ohio-based Mercy Medical Center’s series 2000 bonds.

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The rating affirmation was based on a number of factors, including steady financial recovery through fiscal year 2014 and improved debt service coverage.

Fitch expects Mercy to stabilize its operating and financial performance at levels consistent with 2014 and year-to-date 2015 results, which could lead to positive rating movement.

The rating outlook is stable.

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