13 latest hospital credit rating downgrades

Ayla Ellison -

The following 13 hospital and health system credit rating downgrades occurred since March 1. They are listed below in alphabetical order.

1. Butler (Pa.) Health System — from "Baa1" to "Baa2" (Moody's Investors Service) 

2. Catholic Health System (Buffalo, N.Y.) — from "Baa1" to "Baa2" (Moody's Investors Service) 

3. Catholic Medical Center (Manchester, N.H.) — from "Baa1" to "Baa2" (Moody's Investors Service) 

4. Hutchinson (Kan.) Regional Medical Center — from "Baa3" to "Ba1" (Moody's Investors Service) 

5. Magnolia Regional Health Center (Corinth, Miss.) — from "Ba3" to "B1" (Moody's Investors Service) 

6. Marshall Medical Center (Placerville, Calif.) — from "BBB-" to "BB+" (Fitch Ratings) 

7. Prisma Health (Greenville, S.C.) — from "A2" to "A3" (Moody's Investors Service) 

8. Quorum Health (Brentood, Tenn.) — from "Caa2" to "Ca" (Moody's Investors Service) 

9. SoutheastHealth (Cape Girardeau, Mo.) — from "Baa3" to "Ba1" (Moody's Investors Service) 

10. Sutter Health (Sacramento, Calif.) — from "AA-" to "A+" (S&P Global Ratings) 

11. University of Vermont Health Network (Burlington) — from "A2" to "A3" (Moody's Investors Service) 

12. UPMC (Pittsburgh) — from "A+" to "A" (Fitch Ratings); from "A1" to "A2" (Moody's Investors Service)  

13. Wood County Hospital (Bowling Green, Ky.) — from "Ba2" to "Ba3" (Moody's Investors Service) 


More articles on healthcare finance:
State-by-state breakdown of 354 rural hospitals at high risk of closing
Quorum accused of using COVID-19 pandemic to fast-track bankruptcy plan
CMS sends $51B in advance payments to hospitals

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.