Concurrently, Fitch affirmed its “BBB+” rating on JMC’s series 2013A bonds, affecting $38 million of debt.
The assignment and affirmation are based on several factors, including the medical center’s dominant inpatient market share in its primary service area, good liquidity position and solid operating performance.
The outlook is stable.
More articles on healthcare finance:
New York hospital sheds $2.34M of expenses in 2-day cost purge
9 recent hospital, health system outlook and credit rating actions
Broward Health Foundation launches fundraiser for Florida school shooting victims