6 latest hospital credit rating downgrades

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

Advertisement

1. Care New England (Providence, R.I.) — from “BB” to “BB-” (Fitch Ratings); from “BB-” to “B+” (S&P Global Ratings) 

2. Holy Redeemer Health System (Meadowbrook, Pa.) — from “Ba1″ to Ba2” (Moody’s Investors Service); from “BBB-” to “BB+” (Fitch Ratings) 

3. Indiana (Pa.) Regional Medical Center — from “Baa2” to “Baa3” (Moody’s Investors Service) 

4. Mon Health (Morgantown, W.Va.) — from “BBB+” to “BBB” (S&P Global Ratings)

5. Nuvance Health (Lagrangeville, N.Y.)  — from “A3” to “Baa2” (Moody’s Investors Service) 

6. Virginia Mason Medical Center (Seattle)  — from “BBB” to “BBB-” (S&P Global Ratings) 

More articles on healthcare finance:
Trinity Health furloughs, lays off another 1,000 workers
Saint Luke’s Health System to close Kansas hospital
Elective surgery pause in Texas is bad credit news for hospital operators

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.