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Fitch Affirms Bayhealth Medical Center (DE) Revs at 'AA-'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'AA-' rating on $130,480,000 of series 2009A revenue bonds issued by the Delaware Health Facilities Authority on behalf of Bayhealth Medical Center (Bayhealth). The Rating Outlook is Stable. Bayhealth also has $65,910,000 outstanding in series 2012 direct purchase bonds with PNC Bank, which Fitch does not rate but has incorporated into the analysis. SECURITY The bonds are secured by a pledge of gross revenues and a mortgage on the hospit

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