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. Fitch downgrades Tulare Regional Medical Center's bonds to 'CC'
Fitch Ratings downgraded Tulare (Calif.) Regional Medical Center's issuer default rating and series 2007 fixed rate bonds from "B" to "CC," affecting $13.7 million of debt.  

2. S&P downgrades Stamford Hospital to 'BBB+'
S&P Global Ratings downgraded Stamford (Conn.) Hospital series 2010I, 2012J and 2016K revenue refunding bonds from "A-" to "BBB+." 

3. Moody's downgrades UPMC to 'A1'
Moody's Investors Service downgraded Pittsburgh-based UPMC from "Aa3" to "A1," affecting $2.9 billion of debt.

4. Moody's affirms ' Baa2' bond rating for King's Daughters' Health
Moody's Investors Service affirmed its "Baa2" rating on series 2010 revenue bonds for Madison, Ind.-based King's Daughters' Health.

5. Moody's affirms 'Aa3' rating on SCL Health
Moody's Investors Service affirmed the "Aa3" and "Aa3/VMIG 1" rating on Broomfield, Colo.-based Sisters of Charity of Leavenworth Health System, affecting $1.2 billion of debt. 

6. S&P upgrades Beebe Medical Center's bonds to 'BBB'
S&P Global Ratings upgraded Lewes, Del.-based Beebe Medical Center's series 2015A hospital revenue bonds from 'BBB-" to "BBB."

More articles on healthcare finance:
5 pieces of RCM advice for practices
11 latest hospital credit downgrades
10 hospitals seeking RCM talent

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