Moody's Investors Service affirmed the "Baa1" rating on Lafayette (La.) General Medical Center's $147 million of outstanding rated revenue bonds.
The ratings affirmation is based on several factors, including the medical center's size and increased presence resulting in market share growth.
The outlook was revised to negative from stable, reflecting Moody's Investors Service's perceived downturn in the medical center's financial performance and revised full-year expectations which will come in lower than original expectations.