Fitch downgrades Covenant Health's bond rating to 'A-'

Fitch Ratings has downgraded the rating on Tewksbury, Mass.-based Covenant Health's bonds to "A-" from "A."

The rating downgrade is based on a number of factors, including Covenant Health's thin operating margins and location in competitive markets.

The outlook is negative, reflecting continued weakness in Covenant Health's financial performance.

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