Fitch Ratings has assigned an "A" rating to the expected issuance of $75 million of series F revenue bonds and $50 million of series G revenue bonds on behalf of Hartford (Conn.) HealthCare.
The rating assignment was supported by a number of factors, including the system's broad operating footprint, low debt burden and improved liquidity position.
The system also faces some challenges, which were considered for the rating assignment, including increased capital spending over the next five years. However, despite the capital plans, the rating agency "expects HHC's debt metrics to remain consistent with the rating category and no additional debt is expected."
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