Fitch assigns ‘AA-‘ rating to Cedars-Sinai Medical Center’s bonds

Fitch Ratings has assigned an “AA-” rating to Los Angeles-based Cedars-Sinai Medical Center’s series 2015 bonds.

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The rating assignment is based on a number of factors, including Cedars’ sustained strong financial results and acquisition of Marina Del Rey Hospital.

The system also faces challenges, including operating in a highly competitive Los Angeles market.

The outlook is stable.

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