Fitch assigns 'BBB-' rating to Columbia Memorial Hospital's bonds

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.

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