13 Statistics on the Non-Profit Hospital Credit Rating Market in 2012

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For non-profit hospitals and health systems, 2012 was a mostly rough year for issuing debt, as Moody's Investors Service said a record $20 billion of debt in that sector was downgraded.

That is the highest amount of downgraded debt since Moody's first tracked that metric roughly 18 years ago. The data were part of Moody's exhaustive annual report on its non-profit healthcare debt portfolio in 2012.

Here are 13 statistics from the report that may interest non-profit hospital and healthcare leaders. Note: Figures represent only non-profit hospitals and health systems rated within Moody's portfolio.

Total downgraded debt: $20 billion
Total upgraded debt: $9.7 billion

Number of credit downgrades: 40
Number of multi-notch downgrades: 6
Average debt per downgraded hospital: $500.1 million
Number of downgraded hospitals with total operating revenue below $500 million: 25 (63 percent)

Number of credit upgrades: 38
Average debt per upgraded hospital: $262.9 million
Number of upgraded hospitals with total operating revenue below $500 million: 19 (50 percent)

Total number of credit rating affirmations: 278
Number of positive affirmations: 38
Number of negative affirmations: 21
Percent of rating activity represented by affirmations: 79 percent

More Articles on Hospitals and Credit Ratings:

Moody's: Record $20B of Non-Profit Healthcare Debt Downgraded in 2012
Scottsdale Healthcare CFO Todd LaPorte: 5 Ways to Approach Your Credit Rating Meetings
S&P: West Penn Deal Weakens Highmark's Financial Profile

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