Fitch affirms Trinity Mother Frances Health System's rating

Fitch Ratings has affirmed the "BBB+" rating on Tyler, Texas-based Trinity Mother Frances Health System's following revenue bonds:

  • $51.4 million of series 2011 revenue bonds
  • $65 million of series 2007A hospital revenue bonds
  • $23 million of series 2007B hospital revenue bonds

The rating affirmation is based on several factors, including strong liquidity growth and a manageable debt burden.

The rating outlook has been revised to positive from stable, reflecting TMFHS' better than expected operating performance through the first two quarters of fiscal year 2015.

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