Fitch Ratings has assigned a "BBB" rating to Huntingdon Valley, Pa.-based Holy Redeemer Health System's $70.9 million of series 2016A bonds.
The rating assignment is based on a number of factors, including HRHS' solid liquidity, revenue diversification and manageable debt burden.
Fitch also affirmed the "BBB" rating on HRHS' following bonds:
- $30 million of series 2006A bonds
- $46.3 million of series 2014A bonds
The outlook is stable.