Fitch Ratings has assigned "AA" ratings to $250 million of series 2015 taxable bonds and $330 million of series O revenue bonds issued on behalf of Boston-based Partners HealthCare System.
The rating assignment was supported by a number of factors, including the system's leading market share and solid liquidity. As of Sept. 30, 2014, Partners had $7.4 billion of unrestricted cash and investments which equated to 258.7 days cash on hand.
The system also faces some challenges, which were considered for the rating assignment, including increased capital spending.
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