The rating assignment is based on a number of factors, including EEH’s plan to create an obligated group and its growing presence in its service area.
Fitch also upgraded the rating to “A” from “BBB” on Elmhurst (Ill.) Memorial Healthcare’s series 2013A, 2013B, 2008A and 2008D bonds. Fitch downgraded the rating to “A” from “A+” on Naperville, Ill.-based Edward Hospital’s series 2008A, 2008B-1, 2008B-2, 2008C and 2009A bonds.
The two systems officially merged in 2013.
The outlook is stable.
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