Fitch assigns ‘A+’ issuer default rating to Orlando Health

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.”

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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.

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