...The rating assignment and affirmation are supported by Fitch Ratings' assessment that Redlands Community Hospital's (RCH) financial profile exhibits stability, demonstrated by leverage relative to liquidity, in the rating case when a typical economic or business cycle stress scenario is applied under Fitch's revised not-for-profit healthcare criteria. The IDR and revenue bond rating also reflects a weak operating risk assessment, which does limit the current rating, despite RCH's financial profile. The weak operating risk assessment considers a growing average age of plant, and the potential for very high capital expenditure requirements associated with longer term seismic requirement....
