Fitch Ratings Affirms Prime Healthcare Credit Rating with a Positive Outlook
Retrieved on:
Thursday, May 11, 2023
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Fitch Ratings has affirmed Prime Healthcare Foundation's Issuer Default Rating (IDR) at 'BBB' and maintained a positive outlook for its 14 not-for-profit hospitals in six states.
Key Points:
- Fitch Ratings has affirmed Prime Healthcare Foundation's Issuer Default Rating (IDR) at 'BBB' and maintained a positive outlook for its 14 not-for-profit hospitals in six states.
- Fitch Ratings noted that the affirmation of the 'BBB' and maintenance of the Positive Outlook reflects Prime Healthcare Foundation's (PHF) very solid liquidity and moderate leverage.
- The conclusion from Fitch Ratings is based on our performance during challenging times within the healthcare industry," said Steve Aleman, Prime Healthcare Chief Financial Officer.
- Prime Healthcare and Prime Healthcare Foundation comprise 45 hospitals and more than 300 outpatient locations in 14 states.