Altamonte Springs, Fla.-based AdventHealth had both its default rating and that on a series of 2023 $286 million bonds affirmed May 22, Fitch said.
The "AA" rating confirms the 43-hospital system's strong financial profile, as does the stable outlook, which infers an expected recovery to a stronger balance sheet.
AdventHealth has been able to show robust financial profitability even with pandemic pressures and has a strong geographic diversity and market share, Fitch said.
AdventHealth, whose 2023 bonds are not expected to increase the system's debt, has almost three-quarters of its revenue stemming from Florida but also operates in eight other states.