Fitch Ratings has affirmed the "A+" rating on approximately $22M in series 2012 revenue bonds issued on behalf of 328-bed St. Clair Hospital in
SCH's continued strong financial performance and market share growth contributed to the revision of its outlook from stable to positive. The hospital's inpatient market share has grown in each of its six defined regions in
SCH's low debt burden contributed to its rating. The hospital has a maximum annual debt service of $4.1 million, which represents 1.5 percent of the hospital's total revenue for the 11 months that ended May 31.
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