1. Fitch downgrades Covenant Health to ‘BBB+’
Fitch Ratings downgraded Tewksbury, Mass.-based based Covenant Health’s bond rating to “BBB+” from “A-.”
2. Fitch downgrades Adventist HealthCare to ‘BB+’
Fitch Ratings downgraded Gaithersburg, Md.-based Adventist HealthCare’s bond rating to “BB+” from “BBB-.”
3. Fitch affirms ‘A’ rating on Northeast Georgia Health System
Fitch Ratings affirmed its “A” rating on Gainesville-based Northeast Georgia Health System’s revenue anticipation notes, affecting $448.8 million of debt.
4. Fitch affirms ‘A’ rating on St. Francis Regional Medical Center
Fitch Ratings affirmed its “A” rating on Shakopee, Minn.-based St. Francis Regional Medical Center’s series 2014 revenue bonds, affecting $38 million of debt.
5. Moody’s affirms ‘Aa2’ on Texas Health Resources
Moody’s Investors Service affirmed its “Aa2” rating of Arlington-based Texas Health Resources’ revenue bonds.
6. Moody’s downgrades Lake Health’s rating to ‘Baa1’
Moody’s Investors Service downgraded Concord Township, Ohio-based Lake Health’s rating to “Baa1” from “A3,” affecting $76 million of outstanding debt.
7. Fitch affirms ‘AA-‘ rating on Mercy Health
Fitch Ratings affirmed its “AA-” rating on Cincinnati-based Mercy Health’s bonds, affecting $1.5 billion of debt.
8. Fitch upgrades Berkshire Health System to ‘AA-‘
Fitch Ratings upgraded Pittsfield, Mass.-based Berkshire Health System’s series 2012G revenue bonds to “AA-” from “A-,” affecting $76.6 million of debt.
9. Moody’s affirms ‘Baa1’ on Tallahassee Memorial HealthCare
Moody’s Investors Service affirmed its “Baa1” rating on Tallahassee (Fla.) Memorial HealthCare, affecting approximately $352 million of rated debt.
10. Moody’s affirms ‘Baa1’ rating on CHI, revises outlook to stable
Moody’s Investors Service affirmed its “Baa1” rating on Englewood, Colo.-based Catholic Health Initiatives, affecting $6.3 billion of rated debt.
11. S&P downgrades Greenville Health System to ‘A’ after merger
S&P Global Ratings downgraded Greenville (S.C.) Health System to “A” from “A+.”
12. S&P upgrades Palmetto Health’s rating to ‘A’ after merger
S&P Global Ratings upgraded Columbia, S.C.-based Palmetto Health’s rating to “A” from “BBB+.”
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