Concurrently, Fitch affirmed its “BBB” rating on the medical center’s bonds, affecting about $177.9 million of debt.
The assignment and affirmation are based on several factors, including the medical center’s stable market share, resilient liquidity metrics and solid growth in key service areas. Fitch also acknowledged the medical center’s thin operating performance and midrange payer mix.
The outlook is stable.
More articles on healthcare finance:
Missouri to hospitals: Contract with 3 managed Medicaid insurers or face 10% payment cut
13 latest hospital credit rating downgrades
14 recent hospital, health system outlook and credit rating actions
