Australia: Fitch revises credit rating outlook on Ramsay Health Care to negative from stable

Fitch Ratings has revised the outlook on Australian private healthcare operator Ramsay Health Care’s Long-Term Issuer Default Rating (IDR) to negative from stable as leverage has been higher than expected. The Long-Term IDR has been affirmed at ‘BBB’. The credit ratings agency believes that higher-than-expected costs due to the outbreak of the Omicron variant of…