Fitch affirms Monongalia Health System's bond rating

Fitch Ratings has affirmed the "A-" rating on series 2011, 2008A, 2008B and 2005A bonds issued on behalf of Morgantown, W.Va.-based Monongalia Health System.

The rating affirmation was supported by a number of factors, including the system's solid market position, as well as its strong financial performance in fiscal year 2014, which ended June 30, 2014, and through the six-month interim period ended Dec. 31, 2014.  

Mon Health's leverage ratios increased somewhat as a result of the inclusion of debt related to the acquisition of Preston Memorial Hospital in Kingwood, W.Va., Fitch said.

 

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