The health systems receiving the downgrades include:
• Dickinson County Healthcare (Iron Mountain, Mich. — From BBB- to BB+ (Fitch)
• Eisenhower Medical Center (Rancho Mirage, Calif.) — From Baa1 to Baa2 (Moody’s)
• Riverside Health System (Riverside, Calif.) — From AA to AA- (S&P)
• St. Joseph Health Services (Greenville, RI ) — From B2 to Caa1 (Moody’s)
Three health systems received bond rating upgrades in the same timeframe. To see a full list of rating changes, click here.
More Articles on Hospital Bonds:
Children’s Hospital of Philadelphia Sells $270M in Bonds
Washington Public Hospital District No. 4 to Sell $15.3M in Bonds
Catholic Health Initiatives’ Bonds Receive ‘AA/F1+’ Rating From Fitch
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