4 hospitals receive credit downgrades in past month

Four hospitals and health systems received credit downgrades during the past month, according to a report from HFA Partners.

The hospitals and health systems receiving credit downgrades included the following:

  • Cottage Health (Santa Barbara, Calif.) — from AA- to A+ (Fitch)
  • Fremont-Rideout Health Group (Marysville, Calif.) — from BBB to BBB- (S&P)
  • Lawrence (Mass.) General Hospital — from BBB- to BB+ (Fitch)
  • Reid Hospital (Richmond, Ind.) — from A to A- (S&P)


More articles on healthcare finance:

Nashville safety-net hospital failed to accurately track finances, audit finds
CHS on track to overcome financial troubles, says CEO
Presence Health focuses on revenue cycle improvement in turnaround plan

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