17 latest hospital credit rating downgrades

The following 17 hospital and health system credit rating downgrades occurred between June 1 and Nov. 15. They are listed below in alphabetical order:

1. Altru Health System (Grand Forks, N.D) — from "Baa1" to "Baa2" (Moody's Investors Service)

2. Augusta (Ga.) University Health System — from "Baa1" to "Baa3" (Moody's Investors Service)

3. Boone Hospital Center (Columbia, Mo.) — from "Baa2" to "Ba1" (Moody's Investors Service)

4. Covenant Health (Tewksbury, Mass.) — from "BBB+" to "BBB" (Fitch Ratings)

5. Delta (Colo.) County Memorial Hospital — from "BB+" to "BB" (S&P Global Ratings)

6. Fairfield Medical Center (Lancaster, Ohio) — from "Baa3" to "Ba2" (Moody's Investors Service)

7. Indiana (Pa.) Regional Medical Center — from "Ba1" to "Ba2" (Moody's Investors Service)

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

9. Murray (Ky.) Calloway County Hospital — from "Baa3" to "Ba2" (Moody's Investors Service)

10. Nicklaus Children's Hospital — from "A+" to "A" (S&P Global Ratings)

11. OSF HealthCare (Peoria, Ill.) — from "A2" to "A3" (Moody's Investors Service)

12. ProMedica Health System (Toledo, Ohio) — from "Baa1" to "Baa3" (Moody's Investors Service); from "BBB+" to "BBB" (Fitch Ratings)

13. Regional West Medical Center (Scottsbluff, Neb.) — from "BBB+" to "BBB" (Fitch Ratings)

14. Sanford Health (Sioux Falls, S.D.) — from "A1" to "A2" (Moody's Investors Service)

15. South Nassau Communities Hospital (Oceanside, N.Y.) — from "Baa1" to "Baa2" (Moody's Investors Service)

16. St. Luke's Hospital (Chesterfield, Mo.) — from "A+" to "A" (S&P Global Ratings)

17. Tower Health (West Reading, Pa.) — from "A3" to "Baa2" (Moody's Investors Service)

More articles on healthcare finance:

CMS finalizes hospital price transparency rule: 6 things to know
How CHS, Tenet, HCA and UHS fared in Q3
Texas hospital operator files for bankruptcy

Copyright © 2023 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars