Fitch affirms 'AA-' rating on Mercy Health

Fitch Ratings affirmed its "AA-" rating on Cincinnati-based Mercy Health's bonds, affecting $1.5 billion of debt.

Concurrently, Fitch assigned its "AA-" issuer default rating to Mercy Health.

The affirmation and assignment are a result of several factors, including Mercy Health's improved operating profitability as well as its favorable payer mix and leading market share in five of its seven regional markets.

The bonds have been removed from Rating Watch Negative. The outlook is stable.

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