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Fitch Ratings to withdraw ratings on MedStar Health, Inc.

New York: Fitch Ratings, a nationally recognized statistical rating organization (NRSRO) designated by the U.S. Securities and Exchange Commission, will withdraw the ratings on MedStar Health, Inc. (MedStar) for commercial reasons on or about Aug. 31, 2018.

The withdrawal applies to the Issuer Default Rating and the rating for MedStar and for various series of bonds issued by MedStar and by the Maryland Health and Higher Facilities Authority and District of Columbia on behalf of MedStar. Fitch reserves the right in its sole discretion to withdraw or maintain any rating at any time for any reason it deems sufficient. Fitch believes that investors benefit from increased rating coverage by Fitch and is providing approximately 30 days' notice to the market of the rating withdrawal of MedStar. Ratings are subject to analytical review and may change up to the time Fitch withdraws the rating.

Its last rating action for MedStar was on July 2, 2018, when the revenue bond rating was downgraded to 'A-' from 'A'. The Rating Outlook is Stable.

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Publication:Daily the Pak Banker (Lahore, Pakistan)
Date:Nov 3, 2018
Words:171
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