Fitch revises Palos Community Hospital’s outlook to stable

Fitch Ratings has revised Palos Heights, Ill.-based Palos Community Hospital’s outlook to stable from negative.

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Fitch also affirmed the “AA-” rating on the hospital’s following bonds:

  • $147.5 million of series 2010C bonds
  • $120.1 million of series 2007A bonds

The outlook revision and rating affirmation are based on several factors, including Palos Community Hospital’s marginal improvement in profitability, strong balance sheet and assignment of permanent leadership after a year of turnover.

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