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Fitch assigns Cone Health, NC's 'AA' long-term rating on ser 2023B,C,D,E bonds; Outlook stable

By Fitch Ratings  
   January 31, 2023

While operating results were weaker in fiscal 2021 and 2022 compared to the close to 10% average operating EBITDA margin in the prior years, Fitch believes that Cone Health's broad operating platform, a $100 million margin improvement effort and focused strategic capital investments should enable a gradual return to stronger results in the medium term of Fitch's forward-looking scenario.

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