Fitch Ratings Upgrades Prime Healthcare Foundation Credit Rating
Fitch Ratings has upgraded Prime Healthcare Foundation's (PHF) Issuer Rating and the Revenue Bond Credit rating to BBB+ and Outlook as Stable for its 14 not-for-profit hospitals in six states.
- Fitch Ratings has upgraded Prime Healthcare Foundation's (PHF) Issuer Rating and the Revenue Bond Credit rating to BBB+ and Outlook as Stable for its 14 not-for-profit hospitals in six states.
- The credit rating upgrade by Fitch is the second credit rating upgrade given by the rating agency to PHF in the last three years.
- "This rating action is a result of a thorough evaluation of Prime Healthcare Foundation's operations, financial position, and local market conditions.
- Prime Healthcare and Prime Healthcare Foundation comprise 44 hospitals and more than 300 outpatient locations in 14 states, serving over 2.6 million patients annually.