Fitch assigns ‘A-‘ rating to Lafayette General Health System’s bonds

Fitch Ratings has assigned an “A-” rating to Lafayette (La.) General Health System’s following bonds:

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  • $70 million of 2016A hospital revenue and refunding bonds
  • $31.2 million of series 2016B hospital revenue and refunding bonds
  • $84.8 million of series 2010 hospital revenue bonds

The rating assignment is based on several factors, including steady financial performance and LGHS’ acquisition of Lafayette, La.-based Regional Medical Center of Acadiana.

The rating outlook is stable.

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