Fitch gives Concord Hospital bonds ‘A’ rating

Fitch Ratings has assigned an “A” rating – or high credit quality — to Concord Hospital’s $50 million of series 2011 revenue bonds, which are issued by the New Hampshire Health and Education Facilities Authority.The credit ratings agency also gave an A rating to $95 million in the hospital’s outstanding bonds.Fitch said that Concord Hospital’s “dominant market share” and strategic initiatives, such as a closer alignment with physician practices and significant investments in information technology, contributed to the solid rating.Fitch also issued a “stable” outlook to the hospital, with the expectation that Concord Hospital will “maintain its historical profitability and liquidity position.” – CINDY KIBBE/NEW HAMPSHIRE BUSINESS REVIEW

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