Fitch rates Meinian Onehealth, debt BB+

Fitch Ratings said it published Meinian Onehealth Healthcare Holdings Co., Ltd.'s long-term foreign currency issuer default rating of BB+ with a stable outlook and senior unsecured rating of BB+.

“Meinian's ratings are supported by the company's leadership in China's private health check-up market, stable customer base, visible expansion path and positive industry dynamics,” the agency said in a news release.

“Meinian's ratings are constrained by its relatively low FFO fixed-charge coverage and high FFO adjusted gross leverage, which are mitigated by its flexible rental terms.”

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