Fitch Ratings has affirmed the "BBB" rating assigned to approximately $43.5 million of series 2014A revenue bonds issued on behalf of Lawrence (Mass.) General Hospital, a 189-bed nonprofit hospital located about 25 miles north of Boston.
The rating affirmation was supported by a number of factors, including LGH's light leverage and its affiliation with other providers, including BethIsraelDeaconessMedicalCenter in Boston.
Although LGH is undertaking a significant capital project, Fitch believes the capital investment through 2019 is "manageable and strategic in nature."
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