Fitch Ratings last week revised its outlook to negative from stable on debt issued by Akron-based Summa Health System as it prepares to take on more debt to finance an expansion.

At the same time, Fitch affirmed its underlying A-minus rating on about $89 million of outstanding debt issued on behalf of Summa through the Akron, Bath, and Copley Joint Township Hospital District. Summa also has an additional $106 million of outstanding variable-rate debt that is not rated by Fitch.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.