10 recent hospital, health system outlook and credit rating actions

Alia Paavola -

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. Fitch assigns 'A+' rating to Southern Illinois Healthcare's bonds
Fitch Ratings assigned its "A+" rating to Carbondale-based Southern Illinois Healthcare's proposed $68 million series 2017C refunding bonds to be issued by the Illinois Finance Authority.  

2. Fitch affirms 'BBB+' rating on King's Daughters' Health's bonds
Fitch Ratings affirmed its "BBB+" rating on Madison, Ind.-based King's Daughters' Health's series 2010 revenue bonds, affecting $93.8 million of debt. 

3. Moody's downgrades rating to 'B3' on East Jefferson General Hospital
Moody's Investors Service downgraded Metairie, La.-based East Jefferson General Hospital's debt rating to "B3" from "Ba3," affecting $152 million of outstanding debt. 

4. Moody's affirms 'A2' rating on Blanchard Valley Regional Health Center
Moody's Investors Service affirmed the "A2" rating on Findlay, Ohio-based Blanchard Valley Regional Health Center's series 2011A bonds. 

5. Moody's affirms 'Aa2' rating on Mayo Clinic's bonds
Moody's Investors Service affirmed its "Aa2," "Aa2/NR" and "Aa2/VMIG 1" ratings on Rochester, Minn.-based Mayo Clinic's bonds, affecting $2.3 billion of rated debt. 

6. S&P revises Eastern Maine Healthcare System's outlook to negative
S&P Global Ratings affirmed its "BBB" rating on Brewer-based Eastern Maine Healthcare System's series 2016A and series 2013 bonds, affecting $313.4 million of debt.

7. Fitch assigns 'A-' rating to Marshfield Clinic Health System's bonds
Fitch Ratings assigned its "A-" rating to $3.08 million series 2017B and series 2017C revenue bonds issued by the Wisconsin Health and Educational Facilities Authority on behalf of Marshfield (Wis.) Clinic Health System.

8. Moody's, S&P give Atlantic Health System highest health system rating in New Jersey
Morristown, N.J.-based Atlantic Health System has the highest rating from Moody's Investors Service and S&P Global Ratings among health systems in New Jersey. 

9. Fitch affirms 'A-' rating on Baptist Health Care's revenue bonds
Fitch Ratings affirmed its "A-" rating on Pensacola, Fla.-based Baptist Health Care's series 2010A revenue bonds, affecting $141 million of outstanding debt.  

10. Moody's assigns 'Baa1' to Catholic Memorial Hospital
Moody's Investors Service assigned its "Baa1" rating to Manchester, N.H.-based Catholic Medical Center's proposed $56 million series 2017 revenue bonds.  

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