Fitch Ratings affirmed its "BBB+" rating on Providence, R.I.-based Lifespan's revenue refunding bonds. In addition, Fitch assigned Lifespan an issuer default rating of "BBB+."
The affirmation and assignment are based on several positive and negative factors, including Lifespan's leading market share, manageable capital needs, sufficient leverage metrics, coupled with thin operating margins and a challenging operating environment.
The outlook is stable.