Fitch Ratings has assigned an "A+" rating to St. Luke's Episcopal-Presbyterian Hospitals' series 2015B revenue bonds, affecting approximately $31.9 million.
Fitch has also affirmed the "A+" rating on St. Luke's following outstanding bond debt:
- $33.6 million of series 2011 fixed rate bonds
- $54.2 million of series 2006 fixed rate bonds
The rating assignment is based on several factors, including St. Luke's improving financial profile and strong outpatient presence. The organization also faces challenges, including the highly competitive market in which it is located.
The outlook is stable.