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.

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1. Moody’s affirms ‘Aa3’ on UW Health
Moody’s Investors Service affirmed its “Aa3” rating on Madison, Wis.-based University of Wisconsin Hospitals and Clinics, affecting approximately $290 million of rated debt. The health system does business as UW-Health.

2. Fitch affirms ‘A’ rating on Western Connecticut Health Network
Fitch Ratings affirmed its “A” rating on Danbury-based Western Connecticut Health Network’s revenue bonds, affecting $81 million of debt.  

3. S&P downgrades Memorial Hospital of Sweetwater County to ‘BB+’
S&P Global Ratings downgraded Rock Springs, Wyo.-based Memorial Hospital of Sweetwater County’s series 2013A revenue bonds to “BB+” from “BBB-.”

4. Moody’s revises Berkshire Health System’s outlook to negative
Moody’s Investors Service affirmed its “A3” rating Pittsfield, Mass.-based Berkshire Health System’s revenue bonds.  

5. Moody’s assigns ‘Baa3’ rating to OU Medicine’s bonds
Moody’s Investors Service assigned its “Baa3” rating to Oklahoma City-based OU Medicine’s proposed $1 billion series 2018B and $251 million series 2018C revenue bonds.

6. Moody’s revises Shands Jacksonville Medical Center’s outlook to stable
Moody’s Investors Service affirmed its “Baa3” rating on Shands Jacksonville (Fla.) Medical Center’s outstanding revenue bonds, affecting $197 million of debt.

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10 recent hospital, health system outlook and credit rating actions

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