Fitch assigns 'BBB+' rating to various series of ProMedica Health System debt

Fitch Ratings assigned a long-term "BBB+" rating to various series of debt for Toledo, Ohio-based ProMedica Health System.

The rating reflects Fitch's expectation that ProMedica's balance sheet,  weakened by the system's recent acquisition of HCR ManorCare, will return to historically strong levels thanks to a strong operational profile assessment and excellent market position.

The rating outlook is stable.

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