FAHC’s bond rating drops

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The credit rating for Vermont’s largest hospital is being downgraded by one of the Wall Street rating firms.

Fitch Ratings announced Thursday it’s lowering the rating for Fletcher Allen Health Care’s outstanding bonds from an A- to a BBB rating. Analysts say it’s the result of significant erosion in profitability at Fletcher Allen.

On the positive side, Fitch says the hospital’s dominant market share position and excellent clinical reputation remain intact.

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