7 hospital credit rating downgrades in October

The following nine hospital and health system credit rating downgrades occurred in October. They are listed below in alphabetical order:

1. Augusta (Ga.) University Health System from "Baa1" to "Baa3" (Moody's)

2. Covenant Health (Tewksbury, Mass.) — from "BBB+" to "BBB" (Fitch)

3. Delta (Colo.) County Memorial Hospital from "BB+" to "BB" (S&P)

4. Mercy Medical Center (Cedar Rapids, Iowa) from "A" to "A-" (S&P)

5. OSF HealthCare (Peoria, Ill.) — from "A2" to "A3" (Moody's)

6. ProMedica Health System (Toledo, Ohio) from "Baa1" to  "Baa3" (Moody's)

7. Tower Health (West Reading, Pa.) from "A3" to "Baa2" (Moody's)

More articles on healthcare finance:

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Takeover in the works as Texas hospital operator eyes bankruptcy
Georgia health system pays patients' out-of-network costs

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