Fitch Ratings affirmed the "AA-/F1+" rating on Fountain Valley, Calif.-based MemorialCare Health System's outstanding debt.
The ratings affirmation is based on a number of factors, including the health system's manageable debt burden, strong liquidity and transition to value-based care. The "F1+" rating is based on the health system's self-liquidity, according to Fitch.
The outlook is stable.