...The affirmation of the 'BBB+' rating on the series 2013A bonds reflects Jupiter Medical Center's (JMC) leading market position in the favorable service area of Jupiter, FL and surrounding areas. JMC benefits from solid and stable funding from the JMC Foundation, which provides operating support and contributes to the robust capital improvement program while JMC maintains ample unrestricted liquidity. Fitch Ratings expects JMC's operating performance to rebound from the slightly softer 2017 and 2018 results with stable operating EBITDA margins around 7% and EBITDA margins around 10%. In the stress scenario, JMC's financial profile metrics emerge from the initial stress years solidly mid-range, supporting the broad 'BBB' rating category....
