...This report discusses the financial factors and qualitative measures Fitch Ratings considers in rating a nonprofit hospital or health system's creditworthiness. Not all rating factors outlined in this report may apply to an individual rating or rating action. Each specific rating action commentary or rating report will discuss factors most relevant to the individual rating action. The ratings are predominately on bond issues of the respective hospital or health system versus a rating on the borrower. This report represents a sector-specific extension to Fitch Research on "Revenue-Supported Rating Criteria," dated June 2013, available on Fitch's website at www.fitchratings.com. This criteria replaces the prior rating criteria report on "Nonprofit Hospitals and Health Systems Rating Criteria," dated May 2013....
