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.

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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

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