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.
HENRY KOTULA 