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FirstHealth Receives Continued Strong Bond Ratings Affirmation

| Date Posted: 3/28/2016

PINEHURST – Fitch Ratings has affirmed, with a stable outlook, its “AA” rating on the FirstHealth of the Carolinas revenue bonds issued by the North Carolina Medical Care Commission.

 

Key rating drivers noted in the ratings announcement include FirstHealth’s strong market position in its primary service area and its robust liquidity and moderate debt burden.

 

“We are very pleased with Fitch’s reaffirmation of FirstHealth’s ‘AA’ bond rating, which demonstrates its confidence in the organization’s operational and financial position,” says Lynn DeJaco, FirstHealth’s chief financial officer. “This, like our recently received Truven 100 Best Hospital award, demonstrates the commitment of every FirstHealth employee and medical staff member to delivering high-quality care to patients of our region.” 

 

A leader in credit ratings, commentary and research, Fitch Ratings is a part of Fitch Group, a global financial information services organization with operations in more than 30 countries. With dual headquarters in London and New York, Fitch Group is majority owned by Hearst.

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