Fitch upgrades Hurley Medical Center’s rating to ‘BBB-‘

Fitch Ratings has upgraded the rating to “BBB-” from “BB+” on Flint, Mich.-based Hurley Medical Center’s following bonds:

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  • $2.65 million of series 2003 revenue and refunding bonds
  • $33.22 million of series 2010 revenue rental bonds
  • $21.94 million of series 2013A revenue rental bonds
  • $36.04 million of series 2013B revenue refunding bonds

The rating upgrade is based on several factors, including Hurley’s improvements in operating performance and liquidity.

The outlook is revised from negative to stable.

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