The rating affirmation is based on several factors, including Fitch’s belief that Presence will begin producing better than breakeven operating margin by fiscal year 2017.
The outlook is negative.
More articles on healthcare finance:
Tenn. city will use taxpayer dollars to pay air ambulance bills for residents
Fitch downgrades Catholic Health Initiatives’ bond rating to ‘BBB+’
S&P assigns ‘A+’ rating to Lehigh Valley Health Network’s bonds
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