Fitch Ratings has affirmed the "BBB+" rating on Fredericksburg, Va.-based Mary Washington Healthcare's bonds and upgraded the system's outlook to stable from negative.
The rating affirmation and the outlook revision were supported by a number of factors, including the system's significantly improved operating results in fiscal 2014 and its leading market share in its primary service area.
The rating affirmation applies to the following hospital facilities revenue refunding bonds: $56.2 million of series 2014 bonds, $30.4 million of series 2013A bonds, and $56.1 of series 2007 bonds. The rating affirmation also applies to $124.4 million of series 2006 revenue bonds.
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