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.