Fitch Ratings has affirmed the "AA" long-term rating on San Diego-based Scripps Health's debt, as well as the "F1+" short-term rating on Scripps' 2012B and 2012C bonds.
The rating affirmations are based on a number of factors, including Scripps' sustained strong financial profile, excellent management practices and solid market footprint.
The outlook is stable.
Scripps Health CEO Chris Van Gorder said the following regarding the affirmation, according to a press release: "We are so pleased that Fitch has affirmed our rating and outlook. Fitch's assessment of our organization is indicative of their belief in Scripps' ability to successfully respond to the changing healthcare environment so we can continue to fulfill our mission to serve this community now and into the future."
More hospital outlook and credit rating actions:
Fitch assigns 'AA' rating to St. Elizabeth Medical Center's bonds
Moody's assigns 'A2' rating to Orlando Health's bonds
Moody's revises South Lake County Hospital District's outlook to positive