Fitch Ratings has assigned an "A-" rating to Janesville, Wis.-based Mercy Health Corp.'s $484.9 million of series 2016 revenue bonds.
Fitch also assigned an "A-" rating to Mercy Alliance's $169.5 million of series 2012 revenue bonds and $27.6 million of series 2010A revenue bonds.
The rating assignments incorporate several factors, including MHC's presence in a competitive market and improving financial performance.
The outlook is stable.