Fitch Ratings has affirmed the "BBB+" rating on Frederick (Md.) Memorial Hospital's series 2012A revenue bonds, affecting approximately $98.1 million.
FMH also has $66.1 million of outstanding series 2012B bonds, which Fitch does not rate but incorporates into the analysis.
The rating affirmation is based on several factors, including FMH's operating and financial stability and sound liquidity. The rating may be pressured if cost overruns occur in FMH's current construction project.
The rating outlook is stable.