Fitch upgrades Salem Health's rating to 'A+'

Fitch Ratings has upgraded the rating to "A+" from "A" on Salem (Ore.) Health's following bonds:

  • $75 million of series 2008B variable rate revenue bonds
  • $39.2 series 2008A revenue bonds
  • $111.9 series 2006 revenue bonds

The rating upgrade is based on a number of factors, including Salem's strong profitability, dominant market share, solid liquidity position and affiliation with Portland-based Oregon Health and Science University.

The outlook is stable.

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