Financial Management

Fitch downgrades Valley Medical Center to ‘BBB’

Fitch Ratings downgraded Renton, Wash.-based Valley Medical Center’s series 2010A bonds, series 2010B bonds and its issuer default rating to “BBB” from “BBB+.”

Alia Paavola

Tuesday, April 3rd, 2018

The downgrades are a result of VMC’s weakened liquidity and high leverage ratio. Fitch favorably viewed VMC’s leading market share and growing patient volume.

The outlook is stable at the lower rating.

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