Fitch downgrades UF Health Jacksonville's rating to 'BBB-'

Fitch Ratings downgraded its rating on UF Health Jacksonville (Fla.) to "BBB-" from "BBB." In addition, the credit agency assigned the health system an issuer default rating of "BBB-."

The downgrade and assignment reflect the health system's weak financial profile, characterized by thin capital-related ratios and modest margins.

The outlook is stable.

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