Fitch upgrades Calvert Health System’s rating to ‘AA-‘

Fitch Ratings upgraded the rating on Prince Fredrick, Md.-based Calvert Health System’s revenue bonds to “AA-” from “A.”

Advertisement

Concurrently, Fitch assigned its “AA-” issuer default rating to the health system.

The upgrade and assignment are based on several factors, including Calvert Health System’s leading market share, favorable payer mix, consistent cash flow margins and strong leverage metrics.

The outlook is stable.

More articles on healthcare finance:
Hospitals are moving to single ratings: Here’s why
Fitch: Minor headwinds coming for US children’s hospitals
Walgreens, CVS, Rite-Aid shares plummet after Amazon buys Pillpack

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.