Fitch Ratings affirmed its "BBB+" rating on Lowell (Mass.) General Hospital's series G revenue bonds, affecting $65.4 million of debt.
Concurrently, Fitch assigned its "BBB+" issuer default rating to LGH.
The affirmation and assignment are a result of several factors, including the hospital's leading inpatient market share, minimal capital needs, steady operating performance and improving leverage metrics.
The outlook is stable.