Fitch Ratings has assigned a "BBB-" rating to Astoria, Ore.-based Columbia Memorial Hospital's $18 million of series 2016 revenue bonds.
The rating assignment is based on a number of factors, including CMH's significant revenue growth and cash flow. The hospital's challenges include a significant increase in debt and its location in a competitive service area.
Fitch also affirmed the "BBB-" rating on CMH's outstanding series 2012 bonds.
The outlook is stable.