11 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 revises outlook on Children's Health System of Texas to negative
Moody's Investors Service affirmed its "Aa2" rating on Dallas-based Children's Health System of Texas, affecting $352 million of debt.

2. Fitch affirms 'BBB+' on Peterson Regional Medical Center
Fitch Ratings affirmed its "BBB+" rating on Kerrvile, Texas-based Peterson Regional Medical Center's series 2015 revenue bonds, affecting $51.2 million of debt. 

3. Fitch assigns 'BB+' to Lawrence General Hospital's bonds
Fitch assigned its "BB+" rating to Lawrence (Mass.) General Hospital's proposed $69 million series 2017 revenue bonds. 

4. Fitch downgrades Great Plains Regional Medical Center to 'B+'
Fitch Ratings downgraded Elk City, Okla.-based Great Plains Regional Medical Center's series 2007 revenue bonds to "B+" from "BB-," affecting $32.8 million of debt.

5. Fitch affirms 'BB' rating on LifePoint Health
Fitch Ratings affirmed its "BB" issuer default rating on Brentwood, Tenn.-based LifePoint Health.

6. Fitch revises Swedish Covenant Hospital's outlook to negative
Fitch Ratings affirmed its "BBB+" rating on Chicago-based Swedish Covenant Hospital's series 2016A revenue bonds.

7. S&P upgrades Lawrence + Memorial Hospital's bond rating to 'A+'
S&P Global Ratings upgraded the rating to "A+" from "BBB+" on New London, Conn.-based Lawrence + Memorial Hospital's bonds.

8. S&P downgrades Lawrence General Hospital's rating to 'BB+'
S&P Global Ratings downgraded Lawrence (Mass.) General Hospital's revenue debt to "BB+" from "BBB-." 

9. S&P revises Mercy Health's outlook to stable, affirms 'AA-' rating
S&P Global Ratings affirmed its "AA-" issuer credit rating and long-term revenue bond rating on Springfield, Mo.-based Mercy Health.

10. Fitch keeps Rating Watch Negative on Western Connecticut Health Network's bonds
Fitch Ratings maintained the Rating Watch Negative on Danbury-based Western Connecticut Health Network's series M and series N revenue bonds, affecting a total of $81.5 million of debt.

11. Moody's downgrades Albert Einstein Health Network to 'Baa3'
Moody's Investors Service downgraded Philadelphia- based Albert Einstein Health Network's bond and issuer rating to "Baa3" from "Baa2," affecting $447 million of outstanding debt.

More articles on healthcare finance:
Highmark Health, Allegheny Health Network to invest $1B in new hospital, renovations
CMS grants Kansas a 12 month Medicaid extension after an initial request was denied
Columbus Marathon raises $1M for Nationwide Children's Hospital

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months