Fitch rates Universal Health notes BBB-

Fitch said it assigned a BBB-/RR1 rating to the senior secured notes being issued by Universal Health Services, Inc.

Fitch noted UHS's liquidity profile is solid for the BB+ issuer rating. “There are no significant debt maturities until 2023 when the term loan A matures. UHS' $450 million A/R securitization terminates in 2021 but had no borrowings outstanding at June 30, 2020 and the next nearest bond maturity ($700 million of 4.75% notes due 2022) will be repaid with proceeds from this issuance,” Fitch said in a press release.

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