10 latest hospital credit rating downgrades

The following 10 hospital and health system credit rating downgrades occurred since April 1. They are listed below in alphabetical order.

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1. Boone Hospital Center (Columbia, Mo.) — from “BBB” to “BBB-” (Fitch Ratings) 

2. Boulder (Colo.) Community Health — from “A2” to “A3” (Moody’s Investors Service) 

3. Care New England (Providence, R.I.) — from “BB” to “BB-” (Fitch Ratings)

4. Catholic Health System (Buffalo, N.Y.) — from “Baa1” to “Baa2” (Moody’s Investors Service); from “BBB+” to “BBB” (S&P Global Ratings) 

5. Marshall Medical Center (Placerville, Calif.) — from “BBB-” to “BB+” (Fitch Ratings) 

6. Oroville (Calif.) Hospital — from “BB+” to “BB” (S&P Global Ratings) 

7. Sutter Health (Sacramento, Calif.) — from “Aa3” to “A1” (Moody’s Investors Service); from “AA-” to “A+” (S&P Global Ratings) 

8. Vidant Health (Greenville, N.C.) — from “A1” to “A2” (Moody’s Investors Service) 

9. Virginia Mason Medical Center (Seattle) — from “Baa2” to “Baa3” (Moody’s Investors Service) 

10. Washington County (Calif.) Health Care District — from “Baa1” to “Baa2”  (Moody’s Investors Service) 

More article on healthcare finance:
Northwell receives $1B in CARES Act cash to offset COVID-19 financial damage
Arkansas hospital returns $8.8M in bailout funds received in error
Hospitals seek $52B in emergency funding

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