Fitch affirms Yavapai Regional Medical Center's 'BBB+' rating

Fitch Ratings has affirmed the 'BBB+' rating assigned to $32.3 million of series 2013A fixed-rate bonds and $30 million of series 2008B fixed-rate bonds issued by the Industrial Department of Authority of the County of Yavapai (Ariz.) on behalf of Yavapai Regional Medical Center.

YRMC also has $38.9 million of series 2013B, 2002, and 1997B bonds outstanding, which are not rated by Fitch but are incorporated into the analysis.

The rating affirmation was supported by a number of factors, including the hospital's recovering profitability, dominant market position, solid liquidity and sound debt metrics.

The rating outlook is stable. Despite the revenue and expense pressures anticipated in the rest of 2015, Fitch expects YRMC to continue producing profitable and debt coverage metrics consistent with the rating.

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