Fitch upgrades Washington Hospital's rating to 'A-' from 'BBB+'

Fitch Ratings has upgraded the rating to "A-" from "BBB+" on Washington (Pa.) Hospital's following bonds:

  • $7 million of series 2001B variable rate demand bonds
  • $12.9 million of series 2007A variable rate demand bonds
  • $21.6 million of series 2007B variable rate demand bonds
  • $12 million of series 2013A fixed rate bonds

The rating upgrade is based on several factors, including Washington Hospital's leading market position and sustained financial improvements.

The outlook is revised to stable from positive.

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