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 ‘A1’ on Christus Health
Moody’s Investors Service affirmed its “A1” rating on Irving, Texas-based Christus Health. 

2. Moody’s upgrades Good Shepherd Health System to ‘Ba3’
Moody’s Investors Service upgraded Longview, Texas-based Good Shepherd Health System to “Ba3” from “Caa1,” affecting $130 million of debt.  

3. Fitch affirms ‘AA-‘ on Yale New Haven Health System
Fitch Ratings affirmed its “AA-” rating on Yale New Haven (Conn.) Health System’s debt issued by the Connecticut Health and Educational Facilities Authority.  

4. S&P downgrades Cone Health’s rating to ‘AA-‘
S&P Global Ratings downgraded Greensboro, N.C.-based Cone Health’s series 2011A bond rating to “AA-” from “AA.”

5. S&P revises Bellin Health Systems’ outlook to negative
S&P Global Ratings affirmed its “A+” rating on Green Bay, Wis.-based Bellin Health Systems’ series 2015 bonds. 

6. S&P upgrades Hackensack Meridian Health’s rating to ‘AA-‘
S&P Global Ratings upgraded its long term rating to “AA-” from “A+” on Edison, N.J.-based Hackensack Meridian Health. 

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