Fitch upgrades its rating on King's Daughters' Hospital to 'A'

Fitch Ratings upgraded its rating to "A" from "BBB+" on the revenue bonds of Madison, Ind.-based King's Daughters' Hospital, affecting $92 million of debt.

Concurrently, Fitch assigned its "A" issuer default rating to KDH.

The upgrade and assignment are a result of several factors, including KDH's leading market position, favorable payer mix, strong operating profitability and healthy liquidity metrics. Fitch also acknowledged the hospital's upcoming EMR installation.

The outlook is stable.

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