Fitch assigns 'AA-' ratings to Providence St. Joseph Health's bonds

Fitch Ratings has assigned "AA-" ratings to Renton, Wash.-based Providence St. Joseph Health's following bonds:

 

  • $101 million of series 2016G bonds
  • $340.7 million of series 2016H bonds
  • $340.7 million of series 2016I bonds

The rating assignment is based on a number of factors, including PSJH's broad geographic operating platform, excellent management practices and adequate liquidity.

The outlook is stable.

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