Press Release: Catholic Health Initiatives : Fitch Downgrades Catholic Health Initiatives' (CO) Revs to 'BBB+'; Outlook Negative

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has downgraded Catholic Health Initiatives' (CHI) Long-Term Rating on approximately $6 billion of outstanding debt by various issuers to 'BBB+' from 'A+'. Fitch has also downgraded the Short-Term Rating on $978 million of debt additionally supported by CHI's self-liquidity to 'F2' from 'F1+'. The Rating Outlook is Negative. SECURITY Unsecured general obligation of the CHI Credit Group. KEY RATING DRIVERS WEAK FINANCIAL PROFILE: The downgrade to 'BBB+' an