Fitch Ratings upgraded its rating on Hagerstown, Md.-based Meritus Medical Center's series 2015 revenue bonds to "BBB+" from "BBB."
Additionally, Fitch assigned Meritus an issuer default rating of "BBB+."
The affirmation and assignment are based on several factors, including Meritus' leading market position, strong profit margins and manageable leverage. Fitch also acknowledged Meritus' upcoming EHR installation, which is expected to pressure margins in the near-term.
The outlook is revised to positive from stable.