Fitch rates Parrish Medical Center, Fla., bonds A+

Fitch Ratings said it assigned an A+ rating to North Brevard County Hospital District's $109 million refunding revenue bonds issued on behalf of Parrish Medical Center, Fla.

In addition, Fitch affirmed Parrish's outstanding debt at A+. The outlook is stable.

Proceeds will be used to refinance the medical center's series 2000 and series 2005 auction-rate securities, to fund the construction of a new cardiac catheterization laboratory and "Heart & Health" Village, to fund a debt service reserve and to pay costs of issuance.

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