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. S&P revises Baptist Health's outlook to negative
S&P Global Ratings affirmed its "A+" rating on Little Rock, Ark.-based Baptist Health's bonds.
2. S&P revises Henry Mayo Newhall Hospital's outlook to negative
S&P Global Ratings affirmed its "BBB-" rating on Valencia, Calif.-based Henry Mayo Newhall Hospital's series 2017 and series 2014 revenue bonds, affecting $180 million of debt.
3. S&P revises Advocate Health Care's outlook to negative
S&P Global Ratings affirmed its "AA+" long term rating on Downers Grove, Ill.-based Advocate Health Care Network's bonds.
4. Fitch downgrades Owensboro Health's rating to 'BB+'
Fitch Ratings downgraded Owensboro (Ky.) Health's rating to "BB+" from "BBB," affecting $600 million of outstanding bonds.
5. Moody's downgrades Magnolia Regional Health Center's rating to 'Ba3', retains negative outlook
Moody's Investors Service downgraded Corinth, Miss.-based Magnolia Regional Health Center's rating to "Ba3" from "Baa3," affecting $75.8 million of rated debt.
6. Moody's downgrades Lehigh Valley Health Network to 'A2'
Moody's Investors Service downgraded Allentown, Pa.-based Lehigh Valley Health Network to "A2" from "A1," affecting $510 million of outstanding debt.
7. Moody's affirms 'A2' rating on Highland Hospital
Moody's Investors Service affirmed its "A2" rating on Rochester, N.Y.-based Highland Hospital, affecting approximately $45.6 million of debt.
8. Fitch downgrades Catholic Health System's bonds to 'BBB'
Fitch Ratings downgraded Buffalo, N.Y.-based Catholic Health System's revenue bonds to "BBB" from "BBB+," affecting $173 million of debt.
9. Fitch downgrades Ector Hospital District's rating to 'BB+'
Fitch Ratings downgraded Odessa, Texas-based Ector Hospital District's issuer default rating to "BB+" from "BBB." Ector Hospital District does business as the Medical Center Health System.
10. Moody's affirms 'A1' rating on MidMichigan Health
Moody's Investors Service affirmed its "A1" rating on Midland, Mich.-based MidMichigan Health's outstanding bonds, affecting $167 million of debt.