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 affirms 'BBB+' rating on Catholic Health Initiatives, resolves rating watch evolving
Fitch Ratings affirmed its "BBB+" rating on Englewood, Colo.-based Catholic Health Initiatives and removed the health system from rating watch evolving, affecting $5.7 billion of outstanding debt.

2.  Moody's downgrades FirstHealth of the Carolinas to 'A1'
Moody's Investors Service downgraded Pinehurst, N.C.-based FirstHealth of the Carolinas to "A1" from "Aa3," affecting $53 million of rated debt.

3. Moody's affirms 'A2' on Heritage Valley Health System
Moody's Investors Service affirmed its "A2" rating on Beaver, Pa.-based Heritage Valley Health System's outstanding debt, affecting $48.7 million of debt.

4. Moody's revises Holy Redeemer Health System's outlook to negative
Moody's Investors Service affirmed its "Baa3" rating on Meadowbrook, Pa.-based Holy Redeemer Health System, affecting $46 million of debt.

5.  S&P revises Morris Hospital and Healthcare Center's outlook to stable
S&P Global Ratings affirmed its "BBB+" underlying rating and "AA-/A-1+" rating on Morris (Ill.) Hospital and Healthcare Center's series 2009A and 2009B revenue bonds.

6.  S&P affirms 'A-' rating on Southern New Hampshire Health System
S&P Global Ratings affirmed its "A-" rating on Nashua-based Southern New Hampshire Health System's outstanding debt.  

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