Fitch Ratings has assigned an "AA-" rating to approximately $154.6 million of series 2015D revenue bonds, which are expected to be issued on behalf of Flint, Mich.-based McLaren Health Care.
The rating assignment was supported by a number of factors, including the system's leading market share and light debt burden.
McLaren Health Care also faces some challenges, which were considered for the rating assignment, such as having light operating profitability, according to Fitch.
The system's outlook is stable.
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