The hospital and health systems receiving the credit downgrades include:
• Erlanger Health System (Chattanooga, Tenn.) — from A3 to Baa1 (Moody’s)
• Fairview Health Services (Minneapolis) — from A2 to A3 (Moody’s)
• Group Health Cooperative (Seattle) — from BBB to BBB- (Fitch)
• Proctor Hospital (Peoria, Ill.) — from Ba1 to Ba2 (Moody’s)
• Stamford (Conn.) Hospital — from A to A- (S&P)
• Temple University Health System (Philadelphia) — from Baa3 to Ba1 (Moody’s)
• West Penn Allegheny Health System (Pittsburgh) — from B+ to B- (S&P)
In the same month-long span, six hospitals and health systems received credit upgrades. They include:
• Beebe Medical Center (Lewes, Del.) — from B- to B+ (S&P)
• Marshfield (Wis.) Clinic — from BBB+ to A- (S&P)
• Mount Sinai Medical Center (Miami) — from Baa3 to Baa2 (Moody’s)
• Olmsted Medical Center (Rochester, Minn.) — from BBB to BBB+ (Fitch)
• St. Peter’s Health Partners (Albany, N.Y.) — from Baa2 to A3 (Moody’s)
• Via Christi Health (Wichita, Kan.) — from A+ to AA- (S&P)
Three hospitals and health systems also had positive rating affirmation changes, while nine hospitals and health systems had negative rating affirmation changes.
Related Articles on Hospital Credit Ratings:
Fairview Receives Credit Downgrade Amid CEO Departure, Accretive Probe
S&P Lowers West Penn’s Credit Rating to B-
Key Strategies for CFOs: Facing ACOs and Credit Rating Agencies
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