Fitch affirms Norman Regional Hospital Authority's 'BBB-' rating

Fitch Ratings has affirmed the "BBB-" rating on the following bonds issued by Norman (Okla.) Regional Hospital Authority.

  • $82.4 million of series 2007 hospital revenue bonds
  • $67 million of series 2005 hospital revenue bonds
  • $13.1 million of series 1996B hospital revenue select auction variable rate securities

The rating affirmation is based on several factors, including strengthening liquidity and a leading market position in its primary service area.

The rating outlook has been revised to positive from stable, reflecting Fitch's expectation of continued solid operating profitability.

More articles on credit ratings:
Fitch assigns 'AA-' rating to UPMC's bonds
Moody's affirms Children's Hospital and Health System's 'Aa3' rating
Moody's revises Main Line Health System's outlook to positive

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