...MultiCare Health System's (MultiCare, or the system) 'AA¡' rating is attributable to a strong financial profile combined with the system's midrange revenue defensibility and very strong operating risk profile. MultiCare is the acute care leader in its south Puget Sound Region and, with the recent inclusion of the Inland Northwest Region, has a diversified and broad reach in the state. The Stable Rating Outlook reflects Fitch Ratings' expectation that MultiCare will sustain strong operating EBITDA margins and maintain good liquidity. Capital-related ratios are expected to remain strong, including in the out-years of Fitch's stressed rating case....
