Fitch assigns 'AA' rating to University of Chicago Medical Center's bonds

Fitch Ratings has assigned an "AA-" rating to the University of Chicago Medical Center's $175 million of series 2016A and 2016B revenue bonds.

The rating assignment is based on several factors, including UCMC's solid market position in a competitive service area, consistently strong profitability and integral relationship with the "AA+"-rated University of Chicago.

The outlook is stable.

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