Fitch Ratings assigned its "AA-" rating to Grand Blanc, Mich.-based McLaren Health Care's $300 million series 2018 taxable bonds.
Concurrently, Fitch affirmed its "AA-" rating on McLaren's outstanding bonds, affecting about $633 million of debt.
The assignment and affirmation are a result of several factors, including the health system's leading market position, favorable payer mix, low leverage and consistent capital reinvestment. Fitch also acknowledged McLaren's light profitability.
The outlook is stable.