Fitch affirms Orange Regional Medical Center’s ‘BB+’ rating

Fitch Ratings has affirmed the “BB+” rating on Middletown, N.Y.-based Orange Regional Medical Center’s following bonds:

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  • $66.1 million of series 2015 bonds
  • $238.8 million of series 2008 bonds

The rating affirmation is based on a number of factors, including ORMC’s improved operations and its near-completion of a new medical office building and cancer center.

The outlook is stable.

More articles on healthcare finance:
Fitch revises Palos Community Hospital’s outlook to stable
Moody’s affirms Baptist Health Care’s ‘A3’ rating
Moody’s affirms Huntsville Health Care Authority’s ‘A1’ rating

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