Fitch Ratings assigned its "A+" issuer default rating to Orlando (Fla.) Health and upgraded the rating on $690 million in revenue bonds to "A+" from "A."
The assignment and upgrade are based on several factors, including Orlando Health's solid market share, increasing clinical footprint, sustained operating performance and favorable cash flow. Fitch also acknowledged Orlando Health's $1.7 billion capital plan spanning the next five years.
The outlook is stable.