Fitch Affirms Holy Redeemer Health System (Pennsylvania) at 'BBB-'.

Business WireJune 24, 2010

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Fitch Affirms Holy Redeemer Health System (Pennsylvania) at 'BBB-'.

NEW YORK -- Fitch Ratings has affirmed the 'BBB-' rating Montgomery County Higher Education and Health Authority's approximately $113.5 million health care revenue bonds series 1997A and 2006A, issued on behalf of Holy Redeemer Health System (HRHS). The Rating Outlook is Stable.

RATING RATIONALE:

--HRHS' relatively strong liquidity position offsets a recent downturn in operating profitability. At March 31...

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