Fitch alters R1 RCM outlook to positive

Fitch Ratings said it revised its outlook for R1 RCM Inc. to positive from stable. Fitch also affirmed the company's BB issuer default and term loan B ratings at BBB-/RR1.

“While the lack of financial policy needed to ensure flexibility in delivering shareholder value continues to remain a constraint, the positive outlook reflects Fitch's increased confidence in the company maintaining a conservative financial policy and improved customer diversification following the Cloudmed acquisition. Other constraints on the rating include the governance structure with joint ownership by Ascension and TowerBrook, and customer concentration,” Fitch said in a press release.

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