10 recent hospital, health system outlook and credit rating actions

The following hospital and health system credit rating and outlook changes and affirmations took place in the last week, beginning with the most recent.

1. Moody's affirms 'Baa2' rating on The Washington Hospital
Moody's Investors Service affirmed its "Baa2" rating on The Washington (Pa.) Hospital's outstanding debt, affecting $32.4 million.  

2. Moody's affirms 'A2' on Northwest Community Hospital
Moody's Investors Service affirmed its "A2" rating on Arlington Heights, Ill.-based Northwest Community Hospital, affecting $204 million of debt. 

3. Moody's affirms 'Aa2' rating on Advocate Health Care Network
Moody's Investors Service affirmed the "Aa2" on Downers Grove, Ill.-based Advocate Health Care Network, affecting $1.5 billion of debt.  

4. Moody's affirms 'Baa2' rating on Major Health Partner's bonds
Moody's Investors Service affirmed its "Baa2" rating on Shelbyville, Ind.-based Major Health Partners, affecting $53.5 million of debt. 

5. Moody's assigns 'A3' to Parkview Medical Center's revenue bonds
Moody's Investors Service assigned its "A3" rating to Pueblo, Colo.-based Parkview Medical Center's proposed $17.3 million series 2017 revenue refunding bonds.  

6. S&P revises Jefferson Regional Medical Center's outlook to negative
S&P Global Ratings affirmed its "A" rating on Pine Bluff, Ark.-based Jefferson Regional Medical Center's series 2011 revenue bonds and revised the outlook to negative from stable.  

7. Moody's affirms 'Aa3' rating on Children's Hospital & Health System
Moody's Investors Service affirmed its "Aa3" rating on Milwaukee-based Children's Hospital and Health System's bonds, affecting $253 million of debt. 

8. Fitch downgrades DeKalb Medical Center's revenue bonds to 'BB'
Fitch Ratings downgraded Decatur, Ga.-based DeKalb Medical Center's series 2010 revenue anticipation certificates to "BB" from "BBB-," affecting $178 million of debt.  

9. Fitch affirms 'BBB' rating on Holy Redeemer Health System's revenue bonds
Fitch Ratings affirmed its "BBB" rating on Meadowbrook, Pa.-based Holy Redeemer Health System's series 2016A and 2014A revenue bonds, affecting a total of $117 million of debt. 

10. Fitch affirms 'BBB-' rating on Oaklawn Hospital's bonds
Fitch Ratings affirmed the "BBB-" rating on Marshall, Mich.-based Oaklawn Hospital's series 2016 revenue bonds, affecting $63 million of debt.

© Copyright ASC COMMUNICATIONS 2021. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.