...Unlikely to occur abruptly or unexpectedly, apart from very large M&A activity, given good flexibility at current ratings. Gross debt/EBITDA below 3x with FCF/adj. debt of 8% or higher supports the 'BB+' ratings....
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Fitch Rates Universal Health Services' Secured Notes 'BBB-/RR1'; Outlook Stable – 2016/05/19 – US$ 149.00
Fitch: U.S. Hospitals Experiencing Weaker Volumes of Less Acute Patients – 2016/06/29 – US$ 149.00
Fitch Affirms Universal Health Services at 'BB+'; Outlook Stable – 2016/08/29 – US$ 149.00
Fitch Affirms Universal Health at 'BB+'; Outlook Stable – 2017/10/18 – US$ 149.00
Fitch Rates UHS' Term Loan B 'BBB-'/'RR1'; Affirms Ratings – 2018/10/17 – US$ 149.00
Universal Health Services, Inc. – 2016/05/09 – US$ 550.00
Hospitals’ Credit Diagnosis (Tough Headwinds to Less-Acute Patient Volumes) – 2016/06/29 – US$ 999.00
Hospitals' Credit Diagnosis (Community Health Systems' Struggles Intensify) – 2016/10/11 – US$ 999.00
Universal Health Services, Inc. – 2017/12/13 – US$ 550.00
The Checkup: High-Yield Healthcare Handbook – 2018/06/08 – US$ 2,500.00
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