Fitch upgrades Scripps Health's bond rating

Fitch Ratings has upgraded the long-term rating on San Diego-based Scripps Health's outstanding debt to "AA" from "AA-."

The rating upgrade was supported by a number of factors, including the system's consistently strong financial profile and low debt burden.

Fitch noted sustained financial performance as a rating sensitivity. However, the rating agency believes Scripps Health "will continue to maintain its current level of operating cash flow even as it transitions to a more risk-based revenue model given the organization's track record to date."

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