...The 'A' rating is driven by Edward-Elmhurst Healthcare's (EEH) strong financial profile assessment under the "U.S. Not-For-Profit Hospitals and Health Systems Rating Criteria" (published January 2018) in the context of the system's mid-range revenue defensibility and mid-range operating risk profile assessments. The rating reflects EEH's strong capital-related ratios, leading market position in a quality service area, and Fitch's expectation of mid-range to improving operating EBITDA margins in the coming years. The Stable Rating Outlook is based on Fitch's expectation that EEH will generate capital-related ratios consistent with the 'A' category through the cycle in Fitch's FAST scenario analysis, including under the stressed rating case, in light of EEH's mid-range revenue defensibility and operating risk....
