Fitch Ratings upgraded Seaford, Del.-based Nanticoke Health Services' series 2013 revenue bond rating to "BBB+" from "BBB-."
At the same time, Fitch assigned its "BBB+" issuer default rating to Nanticoke Health.
The upgrade and assignment are a result of several factors, including Nanticoke Health's favorable market position, sound liquidity metrics and moderate leverage. In addition, the recent reinstatement of the hospital's Medicare Dependent Hospital status was viewed as credit positive by Fitch.
The outlook is stable.