Fitch Ratings affirmed the "A" rating on Lebanon, N.H.-based Dartmouth-Hitchcock Obligated Group's $57.5 million of series 2009 bonds and $75 million of series 2010 bonds.
The rating affirmation is based on a number of factors, including Dartmouth-Hitchcock's strong market presence, weakened liquidity and poor financial performance in fiscal year 2016.
The outlook is stable.