Fitch downgrades Parrish Medical Center's rating to 'BBB'

Fitch Ratings has downgraded the rating to "BBB" from "BBB+" on Titusville, Fla.-based Parrish Medical Center's series 2008 revenue refunding bonds, affecting $30.8 million.

The rating downgrade is based on several factors, including PMC's continued and increased operating losses.

The outlook is revised to negative from stable.

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