The rating assignment is based on a number of factors, including HCHD’s strong tax base, steady liquidity and manageable debt burden.
The outlook is stable.
Fitch also assigned an “AA” rating to HCHD’s following bonds:
- $62.8 million of series 2016 certificates of obligation
- $93.9 million of series 2010 senior lien refunding bonds
- $181.3 million of series 2007 senior lien refunding and revenue bonds
More hospital outlook and credit rating actions:
Moody’s assigns ‘Aa3’ rating to UPMC’s bonds
Moody’s affirms Boston Children’s Hospital’s ‘Aa2’ rating
S&P raises Fort HealthCare’s rating to ‘BBB+’
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