Fitch Ratings has downgraded the rating to "A+" from "AA-" on West Reading, Pa.-based Reading Hospital and Medical Center's following bonds:
- $160.1 million series A of 2012 fixed rate bonds
- $91.8 million series B of 2012 floating-rate notes
- $111.7 million series 2009A-3 fixed rate bonds
The downgrade is based on several factors, including three years of weak profitability.
The rating outlook is stable, reflecting Reading's solid underlying operations and liquidity position.