Fitch Ratings has affirmed the "A+" rating on Louisville, Ky.-based Baptist Healthcare System's following bonds:
- $140 million of series 2011 bonds
- $159.4 million of series 2009A bonds
The rating affirmation is based on several factors, including Baptist's manageable debt level.
The rating outlook is revised to negative from stable, reflecting Baptist's decline in liquidity and its recent decline in operating profitability, which is expected to continue in fiscal year 2016.
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Moody's assigns 'Baa3' rating to Shands Jacksonville Medical Center's bonds
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