Fitch upgrades Wise Health System to 'BBB-'

Fitch Ratings upgraded Decatur, Texas-based Wise Health System's series 2014A revenue bond rating to "BBB-" from "BB+," affecting $93.7 million of debt.

Concurrently, Fitch assigned its "BBB-" issuer default rating to Wise Health System.

The upgrade and assignment are a result of several factors, including the health system's dominant market position, favorable payer mix and strong financial performance.

The outlook is stable.

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