6 recent hospital, health system outlook and credit rating actions

The following hospital and health system credit rating and outlook changes and affirmations took place in the last week, beginning with the most recent.

1. Moody's revises McLaren Health Care's outlook to negative
Moody's Investors Service affirmed its "Aa3" rating on Grand Blanc, Mich.-based McLaren Health Care's revenue bonds, affecting approximately $635 million of rated debt. 

2. Moody's downgrades Terrebonne General Medical Center to 'Baa1'
Moody's Investors Service downgraded Houma, La.-based Terrebonne General Medical Center's revenue bonds to 'Baa1' from 'A3,' affecting $38 million of rated debt.

3Fitch assigns 'AA-' rating to WellSpan Health
Fitch Ratings assigned an "AA-" issuer default rating to York, Pa.-based WellSpan Health.  

4. Fitch upgrades Blanchard Valley Health System to 'A+'
Fitch Ratings upgraded Findlay, Ohio-based Blanchard Valley Health System's series 2017 and series 2011A to 'A+' from 'A,' affecting approximately $96.3 million of debt. 

5. Moody's affirms 'A2' rating on Bon Secours Health System
Moody's Investors Service affirmed its "A2" rating on Marriottsville, Md.-based Bon Secours Health System, affecting approximately $517 million of debt. 

6. Moody's affirms 'A1' on Phoebe Putney Memorial Hospital
Moody's Investors Service affirmed its "A1" rating on Albany, Ga.-based Phoebe Putney Memorial Hospital, affecting $99 million of debt.         

More articles on healthcare finance:
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The impact of hurricanes, the revenue loss, the tough leadership decisions: 5 questions with Schneider Regional Medical Center CFO Scott Nothnagel
California hospital imposes overtime restrictions, hiring freeze to shore up finances

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