Fitch upgrades Major Hospital’s rating to ‘A’

Fitch Ratings upgraded Shelbyville, Ind.-based Major Hospital’s issuer default rating to “A” from “BBB+.”

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Concurrently, Fitch upgraded Major Hospital’s series 2014A revenue bond rating to “A” from “BBB+,” affecting $53 million of debt.

The upgrade is a result of several factors, including Major Hospital’s good market position in a stable service area, historically favorable margin performance, strong cash flow generation, solid liquidity metrics and favorable leverage ratios.

The outlook is stable.

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