Fitch Ratings upgraded Findlay, Ohio-based Blanchard Valley Health System's series 2017 and series 2011A to 'A+' from 'A,' affecting approximately $96.3 million of debt.
Concurrently, Fitch assigned its "A+" issuer default rating to Blanchard Valley Health System.
The upgrade and assignment are a result of several factors, including the health system's strong market position, healthy operating margins and sound liquidity metrics. Fitch also acknowledged the health system's possible payer mix erosion as it extends into a secondary service area.
The outlook is stable.