Fitch Ratings upgraded Vancouver, Wash.-based PeaceHealth's outstanding debt rating to "AA-" from "A+." Concurrently, Fitch assigned its "AA-" rating to PeaceHealth's series 2018A&B bonds and gave the health system an issuer default rating of "AA-."
The upgrade and assignments are based on several factors, including the health system's geographic diversity, improving operating metrics, leading market position and healthy cash position with robust reserves and strong cashflow.
The outlook is stable.