Fitch Ratings upgraded Prescott, Ariz.-based Yavapai Regional Medical Center's series 2016 and 2013A revenue bonds to "A" from "BBB+," affecting $73 million of debt.
The upgrade is a result of several factors, including the medical center's dominant market position, strong profitability, solid liquidity metrics and improved leverage metrics. Fitch also acknowledged YRMC's upcoming capital spending.
The outlook is stable.