Fitch Ratings upgraded Chambersburg, Pa.-based Summit Health's $113 million series 2010 revenue bonds to "AA-" from "A+" and assigned the health system an issuer default rating of "AA-."
The upgrade and assignment are a result of several factors, including Summit Health's leading market position, strong operating profitability and favorable leverage position. Fitch also acknowledged the health system's upcoming EMR overhaul, which is expected to increase capital spending and financial risk.
The outlook is stable.