The “AA” rating is based on several factors, including Advocate’s light debt burden, ample liquidity and solid market position.
The rating outlook is stable.
Fitch has also affirmed the “AA” rating on approximately $1.5 billion of Advocate’s revenue bonds. In addition, Fitch has affirmed the “F1+” short-term ratings on the following Advocate bonds:
- $38.66 million put bonds, series 2003 A&C
- $21.975 million put bonds, series 2008C-3B
- $70 million variable rate demand bonds, series 2011B
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