Fitch assigns 'AA-' rating to Hackensack Meridian Health

Fitch Ratings assigned its "AA-" rating to Edison, N.J.-based Hackensack Meridian Health's proposed $300 million series 2018 bonds.

Concurrently, Fitch assigned its "AA-" issuer default rating to HMH.

The assignments are a result of several factors, including the health system's strong market position, favorable payer mix, consistent operating performance and strong cash to adjusted debt ratios.

The outlook is stable. 

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