12 latest hospital credit rating downgrades

The following 12 hospital and health system credit rating downgrades occurred between Oct. 1 and Nov. 30. They are listed below in alphabetical order:

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1. Augusta (Ga.) University Health System — from “BBB” to “BBB-” (S&P Global Ratings); from “Baa1” to “Baa3” (Moody’s Investors Service)

2. Bibb County Medical Center (Centreville, Ala.) — from “BBB+” to “BB” (S&P Global Ratings)

3. Covenant Health (Tewksbury, Mass.) — from “BBB+” to “BBB” (Fitch Ratings)

4. Delta (Colo.) County Memorial Hospital — from “BB+” to “BB” (S&P Global Ratings)

5. Mercy Medical Center (Des Moines, Iowa) — from “A” to “A-” (S&P Global Ratings)

6. OSF HealthCare (Peoria, Ill.) — from “A2” to “A3” (Moody’s Investors Service)

7. Parmer County (Texas) Hospital District — from “Baa1” to “Baa2” (Moody’s Investors Service)

8. Princeton (W.Va.) Community Hospital — from “BBB+” to “BBB” (S&P Global Ratings)

9. ProMedica Health System (Toledo, Ohio) — from “Baa1” to “Baa3” (Moody’s Investors Service); from “BBB+” to “BBB” (Fitch Ratings)

10. Sparrow Health System (Lansing, Mich.) — from “A1” to “A2” (Moody’s Investors Service)

11. St. John’s Riverside Hospital (Yonkers, N.Y.) — from “B-” to “CCC+” (S&P Global Ratings)

12. Tower Health (West Reading, Pa.) — from “A3” to “Baa2” (Moody’s Investors Service)

More articles on healthcare finance:

Cleveland Clinic’s operating income up 65% in Q3
Texas health system closes hospital, lays off 972
CHS absorbs $47M of patient debts in settlement

 

 

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