Concurrently, Fitch upgraded the health system’s issuer default rating to “A+” from “A.” Lastly, Fitch assigned Adventist’s proposed $240.86 series 2018A revenue bonds an “A+” rating.
The upgrades and assignment are a result of Adventist’s solid market position, growing presence, strong operating margins and improving leverage profile as it continues to increase its cash flow.
The outlook is revised to positive from stable.
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