Fitch revises Prime Healthcare Foundation’s outlook to negative

Image result for prime healthcare


Fitch Ratings assigned its “BB-” rating to Ontario, Calif.-based Prime Healthcare Foundation’s proposed $123 million series 2017A and $127 million series 2017B.

The assignment was a result of PHF’s strong liquidity metrics relative to its debt burden and its experienced senior management team.

The outlook was revised to negative from stable, reflecting PHF’s unexpected decline in profitability and an increased debt burden.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.