...The 'AA' Issuer Default Rating (IDR) and revenue bond rating reflect Cone Health's strong operating performance, which Fitch Ratings expects will continue in the forward look, and a financial profile that remains strong through the cycle. The rating is significantly supported by Cone Health's leading market position, broad operating platform and strong physician alignment in a stable service area. The 'F1+' short-term rating reflects the adequacy of Cone Health's eligible cash, investments and dedicated lines of credit to fund any unremarketed puts on its debt supported by self- liquidity. The system's eligible cash and investments at Dec. 31, 2018 would cover the maximum mandatory put on self-liquidity debt on any give date well in excess of Fitch's 1.25x threshold for the 'F1+' short-term rating....
