Fitch assigns 'AA' rating to Franciscan Alliance's bonds

Fitch Ratings has assigned an "AA" rating to Mishawaka, Ind.-based Franciscan Alliance's following bonds:

  • $180.7 million of series 2016A revenue bonds
  • $87.7 million of series 2016B revenue bonds

The rating assignment is based on several factors, including Franciscan's solid profitability, moderate debt burden and strong profitability.

The outlook is stable.

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