Fitch Ratings upgraded Decatur, Texas-based Wise Health System's series 2014A revenue bond rating to "BBB-" from "BB+," affecting $93.7 million of debt.
Concurrently, Fitch assigned its "BBB-" issuer default rating to Wise Health System.
The upgrade and assignment are a result of several factors, including the health system's dominant market position, favorable payer mix and strong financial performance.
The outlook is stable.