Fitch assigns 'A+' issuer default rating to UNC Rex Healthcare

Fitch Ratings assigned its "A+" issuer default rating to Raleigh, N.C.-based UNC Rex Healthcare.

Concurrently, Fitch affirmed its "A+" rating on UNC Rex's outstanding rated debt.

The assignment and affirmation are a result of several factors, including UNC Rex's excellent payer mix in a demographically favorable service area, consistently healthy operating margins and improved unrestricted cash metrics. Fitch also acknowledged the health system's upcoming period of high capital spending.

The outlook is stable.

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