Fitch Ratings downgraded the rating to “BB” from “BBB-” on Augusta-based MaineGeneral Health’s $280.75 million of series 2011 revenue bonds.
The ratings downgrade is based on a number of factors, including the health system’s weakened profitability and debt service coverage and light liquidity.
The outlook was revised to stable from negative.
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Presenters: Joel Ray, COL, USAF, NC, MSN, RN, NEA-BC, Laudio and StaffGarden by Ascend LearningLarissa Africa, MBA, RN, CENP, FAONL, FAAN, StaffGarden by Ascend LearningAlicia Potolsky, DNP, RN, NE-BC, DipACLM, El Camino HealthJulie Balluck, DNP, RN, NEA-BC, Texas Health Resources
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