...This criteria report incorporates and expands upon the master criteria report Revenue- Supported Rating Criteria, published 16 June 2014 (see Related Criteria), with a focus on international not-for-profit hospitals outside the US. It identifies factors that Fitch Ratings considers in assigning ratings to a particular entity or debt instrument within the scope of the master criteria and in different jurisdictions. Not all rating factors in this report may apply to every individual rating or rating action. Each specific rating action commentary or rating report will discuss those factors most relevant to the individual rating action. Not-for-Profit Hospitals Rating Criteria also apply to private hospitals (associations, foundations, mutuelles, etc) that could be subject to bankruptcy rules or liquidation procedures but that, importantly, do not distribute profits/dividends to their shareholders. In some jurisdictions, links with the central or regional governments are so close that Fitch...
