3 negative, 19 positive hospital credit rating actions in past month

There were 22 hospital credit rating actions in the past month, with positive actions significantly outpacing negative ones, according to a report from HFA Partners.

The hospitals and health systems receiving rating and/or outlook downgrades included the following:

  • Loma Linda (Calif.) University Medical Center — from BBB-/negative to BB+/negative (Fitch)
  • ProMedica Healthcare (Toledo, Ohio) — from AA/stable to AA/negative (S&P)
  • West Jefferson Medical Center (Marrero, La.) — from Baa2/stable to Ba2/review (Moody's)

The hospitals and health systems receiving rating and/or outlook upgrades included the following:

  • AtlantiCare Regional Medical Center (Atlantic City, N.J.) — from A+/stable to A+/positive (S&P)
  • Bayhealth Medical Center (Dover, Del.) — from A+/stable to A+/positive (S&P)
  • Boca Raton (Fla.) Regional Hospital Corp. — from BBB/stable to BBB+/stable (Fitch)
  • Boca Raton (Fla.) Regional Hospital Corp. — from BBB/stable to BBB+/stable (S&P)
  • Bowling Green (Ky.)-Warren County Hospital Corp. — from A/positive to A+/stable (S&P)
  • Central DuPage Hospital Association (Winfield, Ill.) — from AA/stable to AA+/stable (S&P)
  • Citrus Valley Health Partners (Covina, Calif.) — from Ba2/positive to Baa3/stable (Moody's)
  • Decatur (Texas) Hospital Authority — from BB+/stable to BB+/positive (S&P)
  • Delnor Community Hospital (Geneva, Ill.) — from AA/stable to AA+/stable (S&P)
  • Elliot Hospital (Manchester, N.H.) — from BBB/negative to BBB/stable (S&P)
  • Mercy Health Services (Baltimore) — from BBB/negative to BBB/stable (S&P)
  • OSF Healthcare System (Peoria, Ill.) — from A/stable to A/positive (S&P)
  • OSF Healthcare System (Peoria, Ill.) — from A3/stable to A2/stable (Moody's)
  • Pinnacle Health System (Harrisburg, Pa.) — from A/stable to A/positive (S&P)
  • Saginaw (Mich.) Hospital Finance Authority — from A/stable to A/positive (S&P)
  • Trinity Mother Frances Health System (Tyler, Texas) — from BBB+/stable to BBB+/positive (Fitch)
  • UMass Memorial Health Care (Worcester, Mass.) — from BBB+/negative to BBB+/stable (S&P)
  • University of Wisconsin Hospital & Clinics (Madison) — from A+/stable to A+/positive (S&P)
  • Winchester (Mass.) Hospital — from A-/stable to A/stable (S&P)

 

More articles on healthcare finance:

A state-by-state breakdown of 57 rural hospital closures
2 Kansas hospitals at risk of closing must look past 136-year-old rivalry for solution
Carolinas HealthCare expansion efforts pay off in first half of 2015

© 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