Fitch Ratings affirmed its "AA" rating on Edgewood, Ky.-based St. Elizabeth Medical Center's series 2016 and series 2009B bonds, affecting approximately $113.3 million of debt.
Concurrently, Fitch assigned its "AA" issuer default rating to SEMC.
The affirmation and assignment are based on several factors, including SEMC's strong operating margins, solid market position and favorable liquidity and leverage metrics. Fitch also acknowledged the medical center's upcoming period of increased capital spending.
The outlook is stable, reflecting the medical center's resilient financial profile.