Fitch Ratings affirmed its "AA-" rating on Yale New Haven (Conn.) Health System's debt issued by the Connecticut Health and Educational Facilities Authority.
Concurrently, Fitch assigned its "AA-" issuer default rating to Yale New Haven Health.
The affirmation and assignment are based on several factors, including the health system's healthy market share, sustained operating margins and solid liquidity growth. Fitch also acknowledged the health system's reliance on government payers.
The outlook is stable.