Fitch Ratings upgraded the rating to "AA-" from "A+" on Children's Hospital Medical Center of Akron's bonds.
The upgraded bonds for the Ohio-based medical center include:
- $100.5 million of series 2013 hospital improvement revenue bonds
- $94.6 million of series 2012 hospital improvement revenue bonds
The ratings upgrade is based on a number of factors, including the medical center's robust financial profile and regional growth strategy.
The outlook was revised to stable from positive.