8 hospitals receive downgrades in past month

 Eight hospitals and health systems received a credit downgrade during the past month, according to a report from HFA Partners.

The hospitals and health systems receiving credit downgrades included the following:

  • Brooks Health System (Jacksonville, Fla.) — from "A" to "A-" (Fitch)
  • Covenant Health Systems (Tewksbury, Mass.) — from "A" to "A-" (S&P)
  • Dickinson County Healthcare System (Iron Mountain, Mich.) — from "BB-" to "B" (Fitch)
  • National Jewish Health (Denver) — from "BBB-" to "BB+" (S&P)
  • North Oaks Health System (Hammond, La.) — from "BBB" to "BBB-" (S&P)
  • Reading Health System (West Reading, Pa.) — from "AA" to "AA-" (S&P)
  • Southeast Missouri Hospital Association (Cape Girardeau) — from "BBB" to "BBB-" (Fitch)
  • Southwest Mississippi Regional Medical Center (Miss.) — from "BBB-" to "BB" (S&P)

Six more hospitals and health systems garnered a credit upgrade in the past month:

  • Boca Raton (Fla.) Regional Hospital Corp. — from "BBB-" to "BBB" (S&P)
  • Children's Medical Center of Dallas — from "Aa3" to "Aa2" (Moody's)
  • Nanticoke Memorial Hospital (Seaford, Del.) — from "BB+" to "BBB-" (S&P)
  • Presbyterian Healthcare Services (Albuquerque, N.M.) — from "AA-" to "AA" (Fitch)
  • St. John's Medical Center (Jackson, Wyo.) — from "BBB" to "BBB+" (S&P)
  • Stanly Health Services (Albemarle, N.C.) — from "A-" to "A" (Fitch)

 

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