Fitch assigns 'BBB' rating to Holy Redeemer Health System's bonds

Fitch Ratings has assigned a "BBB" rating to Huntingdon Valley, Pa.-based Holy Redeemer Health System's $70.9 million of series 2016A bonds.

The rating assignment is based on a number of factors, including HRHS' solid liquidity, revenue diversification and manageable debt burden.

Fitch also affirmed the "BBB" rating on HRHS' following bonds:

  • $30 million of series 2006A bonds
  • $46.3 million of series 2014A bonds

The outlook is stable.

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