Fitch upgrades NCH Healthcare System to ‘AA-‘

Fitch Ratings upgraded Naples, Fla.-based NCH Healthcare System’s series 2011 revenue bonds to “AA-” from “A+,” affecting $95 million of debt.

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Concurrently, Fitch assigned its “AA-” issuer default rating to NCH Healthcare.

The upgrade is a result of several factors, including the health system’s robust net leverage position, growing service area, favorable payer mix and strong operating margins. Fitch also acknowledged the health system’s midrange market position.

The outlook is stable.

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